🇱🇰 CBSL & SLAASMB Ink MoU to Sharpen Financial Sector Scrutiny 📈

• The Central Bank of Sri Lanka (CBSL) and the Sri Lanka Accounting and Auditing Standards Monitoring Board (SLAASMB) signed an MoU on 1 December. • The agreement establishes a framework for coordination and information sharing to enhance the oversight of banking and financial institutions. • CBSL's Role: Prudential regulator focused on operational stability. • SLAASMB's Role: Inspecting financial statements for strict compliance with Sri Lanka Accounting & Auditing Standards. • Outcome: The systematic sharing of information will significantly strengthen regulatory activities, leading to enhanced financial stability and greater accountability in the financial sector.