CB should be only regulator

Meanwhile, Wickramaratne said the Central Bank of Sri Lanka should refrain from playing dual roles and must pay greater emphasis on its responsibilities of being only a regulator.
Referring to the ownership of LankaClear, which is Sri Lanka’s largest payment infrastructure provider, of which the Central Bank holds a stake, the state minister said the ownership must be transferred over to the government.
“The Central Bank is a regulator and the regulator should not own anything. They cannot play the role of the regulator when owning a stake. It’s a conflict. 

The stake of LankaClear held must ideally be owned by the government,” said Wickramaratne.
However, he acknowledged that LankaClear’s model of a public-private partnership (PPP) has worked well over the years.

Currently the Central Bank and the two state banks, Bank of Ceylon and People’s Bank, own 47 percent of the agency, while other commercial banks hold 57 percent of the ownership.