Sri Lankan governor says system is sound despite lender failing

W D Lakshman — Central Bank of Sri Lanka governor WD Lakshman

CBSL

Central Banking Newsdesk
08 Jun 2020

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Sri Lanka’s central bank governor has threatened to prosecute those spreading what he called “false” information about the country’s financial system, after a bank failed.

In mid-May, the central bank also issued a statement saying the country’s sovereign debt was safe and that there was no chance of a default.

Central Bank of Sri Lanka (CBSL) governor, WD Lakshman, issued an official statement on June 7 saying the banking system was sound. Lakshman said un-named individuals had been

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