Technological Shift Pushes Regulatory Risk Strategy

Addressing the FinTech Festival, Central Bank Governor Dr. Nandalal Weerasinghe stressed that digital financial integration will not come at the expense of consumer protection.

The bank is stepping up oversight to counter fraud, cyberattacks, and excessive leverage introducing systemic instabilities. While modernization enhances daily transactional efficiency, strict regulatory boundaries may slow high-risk fintech ventures in the short term. Detailed breakdowns of these financial stability metrics are shared through the News 1st Business Broadcast.

 

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