Peace for the World

Peace for the World
First democratic leader of Justice the Godfather of the Sri Lankan Tamil Struggle: Honourable Samuel James Veluppillai Chelvanayakam

Monday, March 9, 2015

To have or not to have IFRS: CB should not make hasty decision


Dropping IFRS should not be an arbitrary and hasty decision to be made by the Central Bank’s current management. Before they reach such a decision, they should listen to both sides and that should be a part of Central Bank’s good governance
Blaming IFRS for CB losses- March 9, 2015
After the ‘My View’ titled ‘Questionable Governance when loss incurred CB has made a profit transfer to the Government’ was published last week (available at: http://www.ft.lk/2015/03/02/questionable-governance-when-loss-incurred-cb-has-made-a-profit-transfer-to-government/), several readers have raised two issues with this writer.