The Hon. (Dr.) Anil Jayantha - Minister of Labour and Deputy Minister of Finance and Planning
Parate execution is supervised by the Central Bank, and although its suspension was extended several times, that suspension has now expired. The Minister stated that expiry does not mean banks will immediately seize assets, and affected parties should raise specific issues with the relevant bank, the Central Bank, or the appropriate authority.
Verbatim record (translated)
Machine-translated from Sinhala / Tamil / English¶ 01 Hon. Member, we have discussed parate repeatedly. It is supervised under the Central Bank. Although the suspension period was extended several times, it has now lapsed. That does not mean banks will immediately seize assets. There is space for consideration. Where issues arise, they should be placed before the bank, the Central Bank or the relevant authority.
Provenance
- Source
- Hansard, Saturday, 15 November 2025 ·No. 22870 ·English daily/uncorrected Hansard
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Cite as: The Hon. (Dr.) Anil Jayantha - Minister of Labour and Deputy Minister of Finance and Planning. 10th Parliament, Parliament of Sri Lanka. Hansard, 15 November 2025. No. 22870. Politick, https://staging.politick.io/lk/speeches/28986