Financial legislation News

Redefining Ethical Banking: How Janashakthi Finance is Scaling Shariah-Compliant Solutions in Sri Lanka.

Governance in Crisis: Analyzing the NDB Financial Scandal and Regulatory Silence.

The alleged Rs. 13.2 billion financial discrepancy at the National Development Bank (NDB) has triggered a national debate on institutional accountability, audit failures, and the effectiveness of oversight bodies in Sri Lanka.

Proposed Inland Revenue Amendments Spark Controversy Over Criminalizing Tax Procedural Errors.

Urgent Need for Financial Oversight: Addressing Recent Lapses in State Fiscal Management.

Parliament Demands Accountability Following Alleged Multi-Billion Rupee Fraud at NDB Bank.

Cabinet Moves to Amend Finance Business Act and Consumer Protection Laws.

Legal Consequences Loom as Finance Ministry Secretary Skips Key Parliamentary Committee Hearing.

Legal experts warn that the Finance Ministry Secretary could face severe penalties under the Parliament (Powers and Privileges) Act after failing to appear before the Committee on Public Finance regarding a suspicious $2.5 million transfer.

LB Finance Secures $15 Million Funding Boost from Swiss Impact Investor.

Sri Lanka’s LB Finance has finalized a $15 million senior debt facility with Switzerland-based Enabling Qapital to boost MSME lending and promote financial inclusion across the nation.

Evolution of Finance: How Human Intelligence Complements AI in Modern Business.

As AI automates routine tasks, finance professionals are shifting toward strategic, data-driven leadership roles, with a focus on human judgment, ethical reasoning, and critical analysis.

Bangladesh Banking Crisis: DCCI Highlights Paradox of Excess Liquidity and Credit Drought.

The Dhaka Chamber of Commerce & Industry (DCCI) has warned that despite banks holding record excess liquidity, the private sector, particularly SMEs, is struggling to access credit. Experts call for urgent structural reforms and improved data accuracy to resolve this economic bottleneck.

Systemic Fragility: Sri Lanka's Struggle with Financial Crime and Data Security.

An analytical look at how weak enforcement and systemic gaps in Sri Lanka's regulatory framework are fueling financial crime and data breaches, threatening national economic stability.

UK Financial Authorities Launch Urgent Probe into New Anthropic AI Model.