Sri Lanka's Jayamaha calls for better governance

Now is the time to change Sri Lanka's approach to governance, risk management and compliance, said Ranee Jayamaha, a deputy governor at the Central Bank of Sri Lanka.

Jayamaha said the authorities should take a multifaceted approach to implementing better financial regulation. Such an approach would include governance standards built on principles and rules; integrated risk management mechanisms to identify, assess and mitigate risks; and a defined compliance mechanism that deals with internal

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