Electronic Transactions in the Inter Banking Arena Techno - Legal Initiatives by Central Bank of Sri Lanka. by P.D.J. Fernando Assistant to Governor Central Bank. Electronic Transactions Initiatives of the Central Bank.
Assistant to Governor
Strong inter-relationship with the Financial System and the Real Sector Economy
A disruption in the Payment System will have a systemic effect on the financial system.
The liquidity and the stability of the financial market served by the payment system could be undermined leading to loss of confidence of the traders in the financial market
A stress in the financial system will have an adverse impact on the National Economy with potential damage in the form of poorer economic growth and lower employment.
The financial infrastructure comprising of the following play an important role to achieve a stable payment system
Non Cash Payments
Source: Payments & Settlements Department – Central Bank
The RTGS System encompass
The processing of funds transfer involves following key elements