Direction 2022 status not recorded
Banking Act Directions No. 5 of 2022 - Sustainable Finance Activities of Licensed Banks
Issued by Central Bank of Sri Lanka
Plain-English summary
Issued 22 June 2022. Requires a board-approved sustainable finance policy (para. 5.1), integration of climate, environmental and green financing risks into risk management and Pillar II capital assessment (paras 6.1-6.3), compliance with the Sri Lanka Green Finance Taxonomy when funding priority sectors (para. 4.2) and a quarterly statement to Bank Supervision (para. 8.3).
Who it applies to
Banking
Topics
Prudential & Capital ESG & Climate Risk
Obligations arising from this law or regulation
| Obligation | Timing | Regulator | Source | Detail |
|---|---|---|---|---|
| Board-approved sustainable finance policy | Ongoing; reviewed at least annually | CBSL | official | |
Paragraph 5.1 requires a Board-approved sustainable finance policy covering roles and responsibilities, main environmental and climate financing risks, integration into the risk framework, monitoring and reporting, progress metrics and internal controls. Paragraph 5.2 requires policies, tools and controls to be reviewed and updated at least annually, and paragraph 8.1 requires an overview in the annual report. |
||||
| No obligations match these filters. | ||||
Latest news
-
RBI extends supervisory directions for Industrial Co-operative Bank Ltd.
3 Oct 2026
The Reserve Bank of India has extended supervisory directions issued to The Industrial Co-operative Bank Ltd., Guwahati under Section 35A read with Section 56 of the Banking Regulation Act, 1949. The original directive…
-
RBI finalizes Basel III market risk capital requirements for banks
26 Sep 2026
The Reserve Bank of India has issued final Directions on minimum capital requirements for market risk under the revised Basel III framework, effective April 1, 2027. The framework adopts the Simplified Standardised…
-
RBI penalizes gold-loan fintech KLM Axiva Finvest Limited for auction surplus non-payment
26 Sep 2026
The Reserve Bank of India imposed a monetary penalty of ₹2.70 lakh on KLM Axiva Finvest Limited for regulatory non-compliance discovered during statutory inspection. The company failed to remit surplus amounts to…