A significant operational breakdown at Peopleβs Bank has sparked broader discussion on governance standards and systemic risk within Sri Lankaβs banking sector after the institution confirmed that an exchange rate application error led to unintended overpayments in a remittance system over a period spanning nearly three years. The issue, which originated in May 2023 and [β¦] The post Multi-Year Banking Error at Peoples Bank Raises Governance Questions appeared first on Lankanews.lk .