Sri Lanka is planning to carry out an island wide household debt survery, the country's Central Bank Governor, Indrajit Coomaraswamy was quoted by Economy Next as saying.
“As part of our macro prudential surveillance, a systemic risk survey is being conducted on a biannual basis to identify systemic risks to the domestic financial system.Stress tests are to be developed for Licensed Finance Companies LFCs. In addition, a country-wide assessment of household indebtedness is to be carried out," Mr Coomaraswamy was quoted as saying.
The details of the survey and how exactly data will be gathered remain unclear. Successive governments have frequently employed the military to participate in islandwide data collection activities.
