- First Guy
- Posts : 2599
Join date : 2014-02-22
Deposit insurance coverage up 50% to Rs. 300,000
Central Bank said the regulation on the revised insurance cover has been published in Gazette Extraordinary No. 1891/11 of 2 December 2014 under the citation ‘Sri Lanka Deposit Insurance and Liquidity Support Scheme Regulations, No. 1 of 2014’.
SLDILSS was established in October 2010 in the interest of the overall financial system stability of the country to protect depositors from failure of financial institutions and thereby to promote the stability of financial institutions by maintaining depositor-confidence. It is operated and managed by the Monetary Board of the Central Bank of Sri Lanka.
http://www.ft.lk/2014/12/25/deposit-insurance-coverage-up-50-to-rs-300000/
- First Guy
- Posts : 2599
Join date : 2014-02-22
Sri Lanka’s Deposit Insurance and Liquidity Support Scheme to increase the insurance cover
Central Bank said, this was taken in line with the decision announced in the Budget 2015 to increase the deposit insurance cover by fifty percent.
The Regulations on the revised insurance cover has been published in Gazette Extraordinary No. 1891/11 of 02 December 2014 under the citation “Sri Lanka Deposit Insurance and Liquidity Support Scheme Regulations, No. 1 of 2014”, the bank said in a media release.
SLDILSS was established in October 2010 in the interest of the overall financial system stability of the country to protect depositors from failure of financial institutions and thereby to promote the stability of financial institutions by maintaining depositor-confidence.
It is operated and managed by the Monetary Board of the Central Bank of Sri Lanka.
http://www.lankabusinessonline.com/news/sri-lanka%E2%80%99s-deposit-insurance-and-liquidity-support-scheme-to-increase-the-insurance-cover/708552138