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Sri Lankan Central Bank to Promote Innovation

Wednesday, August 23, 2017

The Sri Lankan Central Bank yesterday assured it would play a proactive role in promoting the adoption of new technology and innovation in the economy, especially the financial services industry whilst being a regulator. In a globalised world with its continuous race to compete, Sri Lanka should stay focused and keep abreast of the latest technologies the world has to offer, Central Bank Governor Dr. Indrajit Coomaraswamy said while insisting that innovation and localisation in applying new technologies was the key to success. He said the Central Bank had to take regulatory measures to minimise technology risks as well as to ensure economic and price stability as well as financial system stability, while facilitating innovation and the introduction of new technologies.  

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