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Title: Financial Data Collection and Analysis System for Central Bank of Sri Lanka
Authors: Kothalawala, T.H.M.
Issue Date: 17-Jul-2015
Abstract: Central Bank of Sri Lanka (CBSL) regulates the Banks and other Financial Institutes in the country by imposing rules and regulations. It acts as the key financial consultant to advice the financial sector to maintain the Financial and Economic stability of the country. In this process of maintaining the Financial Stability, CBSL collects financial and economic statistics from the banks and other financial institutes of the country. CBSL has become more active in its local economies as the financial crisis has evolved. It has implemented new policy instruments and expanded various programmes related to controlling Banks and other Financial Institutions in the country. However, identifying and implementing these various new measures and policy instruments is not always straightforward, as there is no consistent financial reporting framework used in the Central Bank of Sri Lanka. This system was developed as an automated solution to support the Financial Data Collection and Analysis process of the Central Bank of Sri Lanka. The main problem persist in the current process is that the Data are collected in a poorly controlled ad-hoc manner where the collected data are disparate and unstructured. These Data contains potential errors and usually require re-submission and correction. The manual efforts involved in collating, processing and re-keying these unstructured data into propriety back-end systems have become tedious and error prone. Aggregating and analysing the collected data manually, demands advanced technical skills and products and is very time-consuming and challenging. Efforts have been taken in this project to solve the above mentioned problems by developing a fully integrated, web-based, end-to-end application to support supervisory data collection and analysis process of the Central Bank of Sri Lanka. This framework will permit the CBSL to collect high quality financial data quicker, and in an electronically standardized way. The System will render returns forms, support data collection based upon customizable standards, provide feedback to the users on their returns, and will provide real time data validation. Ultimately, this will assist the CBSL in accelerating the financial analysis process and improving the communications between the regulatory agencies and other related financial institutions.
Appears in Collections:Master of Information Technology - 2015

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