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 About the Bank
Organisational Structure

Departments
For the smooth functioning of the CBSL, the departments of the Bank are grouped into four key business areas , namely—Economic and Price Stability; Financial System Stability; Currency Issue and Management and Agency Services to Government and three support services areas , namely— Human Resources Development and Management; Corporate Services; and Policy Review and Monitoring. The departments are headed by a Director (or equivalent), reporting to the Governor or a Deputy Governor through an Assistant Governor, while the Management Audit Department reports directly to the Governor and the Monetary Board.

One Deputy Governor is in charge of the Economic and Price Stability group and the other is in charge of the Financial System Stability group. The departments under the Currency Issue and Management and Agency Services groups report to one of the two Deputy Governors, while all departments in the three support services groups report to the Governor, through their respective Assistant Governors.

The Organisational Chart >>

Department

Key Responsibilities

Economic and Price Stability Group

Domestic Operations

Responsible for implementing monetary policy measures, mainly through the conduct of open market operations and the enforcement of the reserve requirement for commercial banks. Operates current account facilities for the Government, commercial banks and Primary Dealers.

Economic Research

Responsible for compiling data and conducting economic research for the guidance of the Monetary Board and the Governor in formulating, implementing and executing policies and measures and for the information of the public, in the subjects of money and banking and other economic subjects of general interest.  The department also plays a key role in providing economic advise to the government as stipulate in the MLA.

International Operations

Responsible for managing the official international reserves.

Statistics

Responsible for compiling, analyzing and forecasting socio-economic statistics and conducting surveys.

Financial System Stability Group

Bank Supervision

Responsible for the regulation and supervision of licensed banks.

Financial System Stability

Responsible for monitoring the financial sector and maintaining financial system stability

Payment and Settlements

Responsible for the advancement, stability and efficiency of the domestic payment and settlement system.

Supervision of Non-Bank Financial Institutions

Responsible for the regulation and supervision of registered finance and leasing companies.

Financial Intelligence Unit Responsible for implementation and administration of the provisions of the Financial Transactions Reporting Act No 6 of 2006 (FTRA) to facilitate the prevention, detection, investigation and prosecution of the offences of money laundering , the financing of terrorism and other unlawful activities defined in the Act.

Currency Issue and Management Group

Currency

Responsible for the availability and integrity of currency notes and coins and their issue and distribution.

Agency Services Group

Employees Provident Fund

Responsible for receiving Employees' Provident Fund member contributions, maintaining member accounts, investing funds and paying benefits to members.

Exchange Control

Responsible for foreign exchange management under the Exchange Control Act.

Public Debt

Responsible for the raising, servicing and managing of public debt; operating the Scripless Securities Settlement System; maintenance of the Central Depository System for Government Securities and the supervision of Primary Dealers.

Regional Development

Responsible for promoting regional development through government and donor assisted rural credit delivery programmes.

Human Resource Development and Management Group

Centre for Banking Studies

Responsible for conducting in-house training programmes for the Bank staff and the financial sector.

Human Resources

Motivating and upgrading the competencies of existing staff, attracting appropriate talent by ensuring a consistent, transparent and relevant system of recruitment, evaluation, job rotation, promotion and providing opportunities for skills and competencies development which ensures a sustainable succession planning.

Welfare

Responsible for providing welfare facilities to the staff.

Corporate Services Group

Communications

Responsible for communication of the Bank's policies and output and dissemination of such information to the public and the Central Bank staff and providing library services.

Finance

Responsible for budgeting, budgetary control and financial reporting of the Bank. .

Information Technology

Responsible for the advancement, stability and efficiency of the Bank's information technology operations and systems.

Legal

Advises on legal issues and law reforms and represents the Central Bank in legal fora.

Premises

Responsible for the maintenance of the Bank's premises and physical assets.

Secretariat

Responsible for the general administration and procurement services of the Bank

Security Services

Responsible for providing security to the Bank

Policy Review and Monitoring Group

Policy Review and Monitoring

Responsible for reviewing and assessing the impact of the Bank's policies and the Bank's progress vis-à-vis strategic targets

Management Audit

Responsible for independent audit and advice to the Bank and monitoring Bank-wise risk management.


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