Implementing Basel III in Licensed Commercial Banks in Sri Lanka

Posted: 12 Apr 2017

Date Written: May 1, 2015

Abstract

The Global Financial Crisis (GFC) uncovered major shortcomings in the effectiveness of regulations governing banks. One such governance measure which has been a major focus for improvement in its effectiveness is the Basel Framework. This measure was designed to act as a safeguard against bank failures, but proved inadequate during the financial meltdown of 2007-08. Basel III has been introduced in 2010 as a measure to mitigate such events from repeating. Basel III imposes a additional measures that Financial Institutions would need to comply with. Given the backdrop of the regulation, implementation of this framework is being watched closely by all concerned stakeholders, i.e. customers. shareholders, regulators, potential investors.

Suggested Citation

Gunawardana, Kennedy, Implementing Basel III in Licensed Commercial Banks in Sri Lanka (May 1, 2015). Available at SSRN: https://ssrn.com/abstract=2931312

Kennedy Gunawardana (Contact Author)

University of Sri Jayewardenepura ( email )

Nugegoda
Gandodawila
Gangodawila, Nugegoda 10250
Sri Lanka

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