Feature-Challenges for the Government in Establishing the New Microfinance & Credit Regulatory AuthorityNewsBy Imran NafeerThe Microfinance and Credit Regulatory Authority Act, 2025 creates a comprehensive and much-needed framework to regulate moneylending and microfinance activities in Sri Lanka. While the Act strengthens governance, enhances consumer protection, and formalizes the sector, the Government faces multiple challenges in establishing the new Authority and implementing the Act effectively. Building a New Regulatory Authority from ScratchThe Act introduces an entirely new institution with far-reaching powers—licensing, supervision, enforcement, investigations, consumer protection, and market conduct regulation. ConclusionThe Government’s intent to reform Sri Lanka’s microfinance and moneylending industry is bold and necessary. (Imran Nafeer is a respected microfinance professional with over 15 years of experience working with MFIs, development agencies, investors, and government bodies.

Source: Sunday Times December 23, 2025 05:46 UTC