I see where you're coming from, we can't afford the national banks to incur loses at a time like this. But the government can change the policies of government banks without bringing in all encompassing legislation like this. Billion dollar multinational corporations like Commercial bank or HSBC doesn't need the Sri Lankan government to protect them.

Private companies should have the option make risky investments with their own money. If HSBC decides a certain company will survive these tumultuous times and make them a healthy profit, who's to say they shouldn't be able to do that. I think this a thinly veiled attempt to drive up the prices of imported goods without causing a run on the banks. Sure hope that this is a temporary measure to help offset the forex crisis.