We should cooperate not only to firmly exit from the crisis, but also to ensure that in resolving this crisis, we do not sow the seeds of the next crisis. Before I finish, I want to compliment CBSL for its significant contribution to the growth and development of Sri Lanka.
Quick and adequate information sharing between home and host regulators is therefore critical considering that a chosen resolution option might be highly beneficial for the financial institution in distress but that it can also have a negative impact in the host jurisdiction if there is a lack of coordination between the home and host regulators.