Thursday May 14, 2026
Thursday May 14, 2026
Monday, 11 May 2026 00:06 - - {{hitsCtrl.values.hits}}
The Central Bank of Sri Lanka (CBSL) conducted spot examinations into six licenced banks (LBs) in 2025 over regulatory and operational concerns including core banking system failures, data breaches, credit governance, and offshore lending activities, according to its latest Financial Statements and Operations 2025 report.
The CBSL said: “Six spot examinations were conducted on several LBs, inter-alia, to verify matters relating to core banking system failures, data breaches, credit governance, market risk, and offshore lending of five banks.”
According to CBSL sources, such spot examinations are typically initiated when specific concerns or incidents are detected or reported to the regulator.
The report does not identify the banks involved or provide further details on the findings of the examinations.
Separately, the CBSL said onsite examinations and off-site supervision were conducted jointly with the Financial Intelligence Unit (FIU), as well as independently, to assess LBs’ exposure to money laundering (ML), terrorist financing (TF), and proliferation financing (PF) risks.
The CBSL said concerns identified during such examinations are communicated to the FIU to facilitate enforcement action under the Financial Transactions Reporting Act (FTRA), where necessary.
According to the report, 10 joint supervision examinations were conducted with the FIU during 2025, alongside five standalone examinations.
The CBSL also carried out prudential supervision of five Primary Dealer Units attached to Licenced Commercial Banks during the year.
The spot examinations were conducted separately from the routine inspections carried out by the CBSL’s Bank Supervision Department.
