Sri Lankan governor will not seek reappointment until inquiry passes
Arjuna Mahendran says he will not apply for reappointment until the parliamentary committee publishes the findings of a probe into bond issuance; his first term expires on June 30
Sri Lankan governor Arjuna Mahendran has ruled out seeking reappointment while an investigation into the central bank's bond issuance continues, raising the prospect of his departure later this week.
Shortly after Mahendran joined in January 2015, the Central Bank of Sri Lanka raised 10.06 billion rupees ($68 million) through a bond auction – more than ten times the amount initially advertised.
An inquiry was launched on the back of concerns about insider dealing. Mahendran took a period of
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com
More on People
People: New faces on IMF exec board
Plus, appointments at Deutsche Bundesbank and Czech central bank
Pablo Hernández de Cos to be next BIS general manager
Agustín Carstens will leave in 2025 after leading transformation project
Obituary: Tito Mboweni, 1959–2024
Sarb’s first black governor championed inflation targeting with “sharp wit”
National Bank of Romania renews veteran governor’s tenure
Mugur Isărescu, who has headed bank for more than 30 years, appointed to new five-year term
People: IMF appoints general counsel
Bank of Russia names new monetary policy head; Rob Brand becomes DNB’s chief investment officer
Minister nominated as Bank of Spain governor
Opposition says appointment of José Luis Escrivá would throw bank’s independence into question
People: Bundesbank appoints Mauderer as vice-president
Former prosecutor joins Dutch central bank’s supervisory board
People: Lula nominates ally Galípolo as Brazilian governor
BIS appoints Franks Smets to senior economics role