Seminar on ‘Strengthening Integrity of Sri Lanka’s Banking Sector’

• Top experts to share key insights into fraud prevention, risk governance, and global best practices

A seminar on ‘Strengthening Integrity of Sri Lanka’s Banking Sector’ will be held on 21 May at the Cinnamon Lakeside from 2-5 p.m.

Top experts will share key insights to fraud prevention, risk governance, and global best practices.

The organiser Corporate Management Consultants (CMC) said public confidence is the cornerstone of a stable banking system. Financial institutions depend on strong governance frameworks, robust operational controls, and effective regulatory oversight to safeguard the integrity and resilience of financial markets. Recent developments in Sri Lanka’s banking sector have underscored the urgent need to reinforce safeguards against operational fraud, internal misconduct, governance failures, and emerging financial crime risks.

These challenges also present an opportunity for regulators, financial institutions, and industry professionals to examine systemic vulnerabilities and strengthen governance frameworks in line with international best practices in fraud prevention and risk management.

This seminar aims to foster constructive dialogue among key stakeholders to enhance institutional resilience and reinforce public trust in Sri Lanka’s banking system.

The seminar will focus on:

nExamining emerging fraud risks affecting banks and financial institutions.

nIdentifying governance weaknesses that may enable operational control failures or internal misconduct.

nReviewing systemic lessons from international banking experience.

nExploring global technological tools for fraud detection and monitoring.

nEnhancing awareness among boards and senior management regarding their responsibilities in fraud risk governance.

A highlight of the seminar will be the discussion on global regulatory investigations, emphasising the role of organisational culture and incentive structures in enabling misconduct. Institutions that encourage excessive risk-taking or fail to promote ethical accountability risk creating environments where misconduct is tolerated or overlooked. Modern supervisory frameworks increasingly evaluate conduct risk, institutional culture, and ethical leadership as integral components of regulatory oversight.

Global experience demonstrates that effective fraud prevention requires a multi-layered framework combining governance oversight, operational discipline, technological monitoring, and a strong ethical culture.

Justice A.H.M.D. Nawaz will deliver the keynote address on “The Role of Prosecution of Directors, highlighting international judicial best practices.”

The seminar will also feature a distinguished panel of guest speakers, including: Former Chairman Sri Lanka Institute of Directors, Securities and Exchange Commission, Amana Bank Managing Director, Senior Independent Director Cargills Bank Faizal Salih; TechCERT Chief Executive Officer Kushan Sharma, Digital Governance, Risk and Compliance Advisor Trinesh Fernando, and Former SEC Director General, Senior Advisor Ministry of Finance, and currently PMF Finance PLC Chairman Malik Cader.

The seminar is designed for professionals engaged in governance, supervision, and risk management within the financial sector, including: Bank directors and board committee members; Senior bank executives; Regulators and supervisors; Compliance officers; Internal auditors; Risk management professionals; Financial crime specialists; Fintech and technology professionals and Company secretaries.

For registrations contact 076 366 6246 or 070 642 0642 or email [email protected]