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Dr. Kenneth De Zilwa accepts Cabraal’s offer 

13 Oct 2021

  • Set to continue Financial System Stability Consultative Committee 
BY Shenal Fernando  Dr. Kenneth De Zilwa has accepted the invitation by Central Bank of Sri Lanka (CBSL) Governor Ajith Nivard Cabraal to continue to serve as the Chairman of the reconstituted Financial System Stability Consultative Committee (FSSCC) for the period from 6 October 2021 to 31 December 2022.  De Zilwa confirmed this to The Morning Business yesterday (12). This appointment from October 2021 has been made following the reconstitution of the FSSCC which is responsible for reviewing developments in the financial sector with regard to financial stability; provide market/stakeholder-based views on emerging trends and issues; make suggestions to develop financial markets; and to provide advice on risk mitigation measures to ensure financial system stability. Dr. De Zilwa who is the Chairman of the CBSL-owned LankaClear (Pvt.) Ltd. which is the largest payments infrastructure provider in Sri Lanka, is an eminent economist with over 20 years of experience in banking and managing business at the senior managerial level across all verticals and brings with him a wealth of knowledge and exposure that would undoubtedly add value to the FSSCC.  Having worked at Citibank N.A. and HSBC, he is well known for his expertise in the Treasury, especially in the areas of risk management, money markets, and debt markets, in both domestic and international financial markets alike. He was appointed to the Monetary Policy Consultative Committee (MPCC) of the CBSL in 2020. A veteran in business cycles and real economy, Dr. De Zilwa holds a PhD and a Master’s in Economics from the University of Colombo and a Postgraduate Diploma in Development Economics from the same university. He also holds a MA in Economics for Development from the ISS Erasmus University of Rotterdam in the Netherlands and a Postgraduate Diploma in Bank Management and Finance from the Institute of Bankers Sri Lanka. He has contributed to many papers in reputed journals, including the anniversary edition of the Association of Professional Bankers. In addition to Dr. De Zilwa, the other members of the reconstituted FSSCC are Credit Information Bureau Director/General Manager C.N.S.N. Anthony, Sri Lanka Banks Association (Guarantee) Ltd. Chairman L.H.A. Lakshman Silva, Finance House Association of Sri Lanka Chairman Niroshan Udage, PricewaterhouseCoopers Managing Partner Sujeewa Mudalige, Institute of Chartered Accountants of Sri Lanka Vice President Sanjaya Bandara, Ceylon Chamber of Commerce Chairman Vish Govindasamy, John Keells Holdings PLC Chairman Krishan Balendra, President’s Counsel Kushan de Alwis, Colombo Port City Economic Commission Acting Director General Saliya Wickramasuriya, LOLC Holdings PLC Group Managing Director Kapila Jayawardena, and Export Development Board Director General Chitranjali Dissanayake.


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