CBSL Seeks Liquidators for Failed Financial Institutions 🏦

• Regulatory Action: The Central Bank of Sri Lanka (CBSL) has issued an invitation for Expressions of Interest (EOIs) to establish a panel of liquidators to wind up distressed licensed banks and licensed finance companies. • Legal Framework: The initiative is carried out under the provisions of the Banking (Special Provisions) Act, No. 17 of 2023, managed by the CBSL’s Deposit Insurance and Resolution Department. • Deadline Details: Official invitations were released on 23 August, with submissions closing on 7 September 2026 at 3:00 p.m.