Nepal Rastra Bank and Central Bank of Sri Lanka Sign MoU for Regulatory Cooperation

Kathmandu, February 20, 2025 – Nepal Rastra Bank (NRB) and the Central Bank of Sri Lanka (CBSL) have signed a Memorandum of Understanding (MoU) to facilitate the exchange of regulatory and supervisory information between the two financial institutions.

The MoU was signed in Kathmandu by NRB Governor Mr. Maha Prasad Adhikari and CBSL Governor Dr. P. Nandalal Weerasinghe in a formal ceremony attended by senior officials from both central banks.

Strengthening Bilateral Financial Cooperation

The agreement aims to enhance cooperation in the banking and financial sector, particularly in areas related to supervisory oversight, risk management, financial stability, and information exchange. The collaboration is expected to improve cross-border banking regulations and help prevent financial crimes such as money laundering and illicit fund transfers.

Speaking at the signing ceremony, Governor Maha Prasad Adhikari emphasized the importance of international regulatory cooperation in today's interconnected financial landscape. He stated, "This MoU marks a significant milestone in our efforts to strengthen financial stability and enhance regulatory transparency between Nepal and Sri Lanka. The exchange of information will contribute to more effective oversight of cross-border banking activities."

Similarly, Dr. P. Nandalal Weerasinghe highlighted the growing financial ties between the two nations and stressed the need for collaborative supervision to safeguard the integrity of the financial system. He remarked, "With increasing regional financial interactions, this agreement will help us share best practices and align regulatory frameworks for mutual benefit."

Expanding Regional Financial Partnerships

This agreement marks another step toward strengthening South Asian financial integration, with Nepal and Sri Lanka fostering deeper economic ties. It is expected to serve as a model for other regional collaborations aimed at improving regulatory transparency and financial sector resilience.

The signing of the MoU reflects Nepal Rastra Bank’s commitment to enhancing global cooperation and ensuring a robust financial system, further supporting Nepal’s aspirations for a strong and transparent banking sector.

#Nepal #SriLanka #CentralBankCollaboration #NRB #CBSL #BankingRegulation

प्रतिक्रिया दिनुहोस्

सम्बन्धित समाचार

गरिब देशहरुको सहयोगका लागि विश्व बैंकको ९३ अर्ब डलरको वित्तीय प्याकेज

१० वाणिज्य बैंकले ४ महिनामै कमाए अर्ब बढी नाफा, एनआइसी एसियाको सबैभन्दा धेरै

खप्तड लघुवित्तले आईपीओ जारी गर्ने, बिक्री प्रबन्धकमा प्रभु क्यापिटल नियुक्त

तीन कम्पनीको सेयर मूल्य समायोजन

विद्युत खपत बढाउन प्राधिकरणले सुरु गर्यो अभियान

भ्याल्यू स्टक भनेको के हो, कसरी छान्ने यस्ता सेयर ?