The Central Bank of Sri Lanka (CBSL) has completed the preparation of the blueprint on forming a national asset management company as the policy paper that was presented with the CBSL annual report, The Morning Business learns. Speaking on the CBSL policy paper on forming the national asset management, Fitch Ratings Head Maninda Wickramasinghe expressed his optimistic point of view. “In the CBSL annual report there is a policy paper that is being discussed about a national asset management company. Adding to what is being said thus far, Wickramasinghe stated: “As recently as 2009, countries like Spain and Ireland faced a similar situation where the countries addressed this (asset management).”Pinpointing on asset management, he said that it allows the restructured debt to international capital markets which Malaysia achieved. Accordingly, there is an opportunity for Sri Lanka in terms of asset management.

Source: The Nation August 09, 2021 18:33 UTC