What actionable steps are required for Sri Lanka to improve its overall insurance penetration rate, which hovers around 1%?
Financial Services
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Interviews & Viewpoints | R Renganathan, Chairman, Ceylinco Life Insurance: Interview from The Report: Sri Lanka 2019
Articles & Analysis | Including emerging economies' capital markets in global indices has positive effects from The Report: Sri Lanka 2019
The period of easily raising funds from abroad seems to be coming to an end for emerging markets around the world. Amid rising interest rates in the US and increased competition for capital flows, portfolio managers are becoming more selective with where they invest. One way for developing nations to ensure that their financial markets can...
Articles & Analysis | Solid performance of Sri Lankan banks maintained by regulatory reform and consolidation from The Report: Sri Lanka 2019
Sri Lanka’s banks are currently experiencing considerable change. Regulatory matters are a prominent concern, alongside the ups and downs of loan growth and economic policy. A careful balancing act is being performed as a result, with those able to tread the narrow path recording healthy bottom lines and continued service expansion in 2018....
Articles & Analysis | A force of external and internal factors lead to mixed outlook for Sri Lankan capital markets from The Report: Sri Lanka 2019
After a positive second half in 2017 Sri Lanka’s capital markets experienced considerable headwinds in 2018, with a variety of external and internal factors behind the buffeting. The impacts of macroeconomic issues, increasing competition in terms of investment options, political uncertainty, turbulence in global energy prices and moves by the...
Interviews & Viewpoints | Indrajit Coomaraswamy, Governor, Central Bank of Sri Lanka: Interview from The Report: Sri Lanka 2019
Articles & Analysis | Sri Lanka's banking sector moves to comply with global regulations from The Report: Sri Lanka 2019
Sri Lanka’s banking sector is currently implementing major changes in the way business is done, due mainly to the rollout of Basel III and International Financial Reporting Standard 9 (IFRS 9) regulations. Stricter capital requirements are pushing non-bank financial institutions (NBFIs) to consolidate, while a host of new rules are being...