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The post of Financial Secretary came second in the order precedence after Colonial Secretary or Chief Secretary as the post was known. Following independence in 1947 and the official post of Secretary of Treasury, with appointment begin of grade of an Permanent Secretary and to the most senior member and head of the Ceylon Civil Service. Most ...
Paris Club (French: Club de Paris) is a group of major creditor countries aiming to provide a sustainable way to tackle debt problems in debtor countries.Its creation, which is the first informal meeting, dates back to 1956, when Argentina agreed to hold a meeting with its public creditors.
Financial regulation is a broad set of policies that apply to the financial sector in most jurisdictions, justified by two main features of finance: systemic risk, which implies that the failure of financial firms involves public interest considerations; and information asymmetry, which justifies curbs on freedom of contract in selected areas of financial services, particularly those that ...
The Government of Sri Lanka (GoSL) (Sinhala: ශ්රී ලංකා රජය, romanized: Śrī Laṅkā Rajaya; Tamil: இலங்கை அரசாங்கம், romanized: Ilaṇkai Aracāṅkam) is a Semi-presidential republic determined by the Sri Lankan Constitution.
The Central Bank of Sri Lanka (abbr. CBSL; Sinhala: ශ්රී ලංකා මහ බැංකුව, romanized: Sri Lanka Maha Bankuwa) is the monetary authority of Sri Lanka. It was established in 1950 under the Monetary Law Act No.58 of 1949 (MLA) and in terms of the Central Bank of Sri Lanka Act No. 16 of 2023, the CBSL is a body ...
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Financial law is the law and regulation of the commercial banking, capital markets, insurance, derivatives and investment management sectors. [1] Understanding financial law is crucial to appreciating the creation and formation of banking and financial regulation, as well as the legal framework for finance generally.
Delegation is the process of distributing and entrusting work to another person. [1] In management or leadership within an organisation , it involves a manager aiming to efficiently distribute work, decision-making and responsibility to subordinate workers in an organization .