DILI, 22 May 2025 (TATOLI) – The Government of Timor-Leste, through the meeting of the Council of Ministers on Tuesday reviewed a Law Proposal on the General Regime of the Financial System and Banking Activity.
The Law Proposal was presented by the Vice Prime Minister and Economic Affairs Coordinator Francisco Kalbuadi Lay, alongside Central Bank Governor Helder Lopes.
The proposed legislation aims to create a new legal framework for the operation of the national financial system, promoting stability, confidence, and efficiency within the banking and financial sector in Timor-Leste.
The future regime also seeks to align national legislation with international principles of supervision and regulation to establish more robust conditions for the development of a modern, dynamic, and inclusive economy.
Journalist: Camilio de Sousa
Editor: Filomeno Martins
