The Reserve Bank of India, signed a Memorandum of Understanding (MoU) on “Supervisory Cooperation and Exchange of Supervisory Information” with Central Bank of Sri Lanka (CBSL). The Reserve Bank has been signing the Memorandum of Understanding with supervisors of other countries to promote greater co-operation and sharing of supervisory information between the two supervisors. With this, the Reserve Bank has now executed nineteen such MoUs.

The MoU with CBSL was inked by Shri P Samarasiri, Secretary to the Monetary Board, Central Bank of Sri Lanka and Shri G Gopalakrishna, Executive Director, Reserve Bank of India.

Alpana Killawala

Principal Chief General Manager

Supervisory Cooperation establishes a formal information exchange framework between central banks to enhance cross-border banking oversight. The Reserve Bank of India signed a Memorandum of Understanding with the Central Bank of Sri Lanka on Supervisory Cooperation and Exchange of Supervisory Information, creating a formal mechanism for supervisor-to-supervisor communication and reciprocal sharing of supervisory information to support cross-border banking oversight; the MoU, signed by senior officials of both central banks, is the Reserve Bank's nineteenth such bilateral agreement.