Mr. C. P. S. Bandara

Director

Mr. Bandara has over 28 years of experience at the Central Bank of Sri Lanka (CBSL) in the areas of price stability, financial system stability, corporate services, agency functions, business continuity planning, enterprise-wide risk management and strategic planning.

He holds the position of Assistant Governor of CBSL, and at present oversees the Payments & Settlements, Foreign Exchange, Deposit Insurance and Resolution, Risk Management and Compliance, and services departments. He functions as the Chairman of the Business Continuity Planning (BCP) Committee and as the BCP Coordinator, Member of the Employees’ Provident Fund Investment Oversight Committee, Financial System Stability Committee, Financial Risk Management Committee, Non-Financial Risk Management Committee, Information Technology Oversight Committee, National Payment Council and as an observer of Board Risk Oversight Committee.

Further, he serves as the Chairman of the Board of Secured Transactions Authority, Co-Chair of the National Certification Authority (NCA) Task Force and as a member of the Board and board sub committees of LankaPay (Pvt.) Ltd. (the national clearing house).

He served as the Assistant Governor in charge of the Information Technology,Supervision of Non-Bank Financial, Employees’ Provident Fund and Policy Review and Monitoring departments, the Director of Risk Management and Policy Review & Monitoring departments and the Additional Director/Additional Superintendent of Payments and Settlements and Public Debt Departments.

He was nominated as a Member of the Board of Sri Lanka Computer Emergency Readiness Team, a Member of the Steering Committee of the Technology Industry Development Strategic Business Unit of the Information and Communication Technology Agency of Sri Lanka and representative of CBSL for the National Steering Committee on Education Reforms established by the Ministry of Education, for formulating education reforms for the general education system, higher education and technical and vocational education.

He functioned as the Secretary to the Sovereign Ratings Committee, Member of the Steering Committee for international sovereign bond issuances by the Government of Sri Lanka, Secretary to the Payments Reform Steering Committee, Assistant Secretary to the Board Risk Oversight Committee,Secretary to the Non-Financial Risk Management Committee, and an Observer of the Monetary Board Advisory Audit Committee, Business Continuity Planning Committee, International Reserves Investment Oversight Committee, Internal Investment Oversight Committee, and the Financial System Stability Committee. He served as a member in many cabinet appointed committees established to improve the country’s financial market infrastructure by implementing national level projects. He also served as a Chief Examiner of the Institute of Bankers of Sri Lanka.

He was instrumental in establishing the first on-line communication network between CBSL, licensed commercial banks and the primary dealers, and establishment of the Lanka Financial Services Bureau Ltd. He designed and developed the electronic bidding system for primary auction of government securities, the settlement system for open market operations and the on-line financial market monitoring and regulatory reporting systems of CBSL. He played a key role in implementing the national payments and securities settlement systems infrastructure of the country.

He holds a Master of Science Degree in Information Technology from Charles Sturt University, Australia, a Bachelor of Technology Degree in Computer Science from Monash University, Australia and a Diploma in Central Banking. He is also a Member of the Computer Society of Sri Lanka.