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Restructure
to avoid crisis Nivard tells banks
 The
banking industry is facing a ‘crisis of confidence’
and need to restructure themselves and find solutions
for internal issues to face the crisis ahead, according
to Central Bank Governor Ajith Nivard Cabraal.
Speaking at the Seminar on Current Global Financial
Crisis and its Implications to Sri Lanka organised by
the Strategic Enterprises Management Agency (SEMA),
he insisted that Sri Lanka was safe from the gloom and
doom predictions emanating from the international markets
due to foresight planning, but admitted that there is
more to be done.
“The global financial crisis is akin to the tsunami
and similarly the rehabilitation process must be done
over a long period of time. If there are problems within
the banking industry, then they must come forward and
suggest solutions to the policy makers. An impetus must
emerge from within the industry itself,” he said.
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