Advisory committee to revive failed licensed finance companies

The Monetary Board of the Central Bank of Sri Lanka has established an advisory committee to examine possible revival options for failed finance companies.

The Committee comprises four eminent experts from the business sector and is chaired by Dharma Dheerasinghe, Chairman of CBC Finance Ltd., former Chairman of Commercial Bank of Ceylon PLC and former Deputy Governor of the Central Bank of Sri Lanka, the CBSL says in a statement.

The other members are Sujeewa Mudalige, Managing Partner of PricewaterhouseCoopers; Tishan Subasinghe, Managing Director of Moore Stephens Consulting (Pvt) Ltd.; and Thiyagarajah Dharmarajah, Senior Partner (Audit & Assurance) of Amerasekera & Company, Chartered Accountants.