CBSL announces members of newly established Governing Board

The Central Bank yesterday announced the members who will sit on the newly established Governing Board of the financial sector regulator.
The Board, constituted under the provisions of the recently promulgated Central Bank Act No. 16 of 2023, convened at Central Bank yesterday.
The Central Bank announced President Council Sanjeeva Jayawardena, Nihal Fonseka, Dr. Ravi Ratnayake, and Anushka Wijesingha as members, with CBSL Governor Dr. Nandalal Weerasinghe as the chairman of the Governing Board.

Jawardena and Fonseka are previous members of the Monetary Board.
The Newly established Governing Board succeeds the Monetary Board that functioned previously, under the Monetary Law Act (MLA) provisions.
These members of the newly Constituted Governing Board, will also be members of the freshly established Monetary Policy Board, the Central Bank said.
Further, the Monetary Policy Board will convene shortly, for its very first meeting.