"We are going towards a consolidated supervision framework," Cabraal told a forum organized by the Ceylon Chamber of Commerce.
Authorities were also looking at a deposit insurance scheme, Cabraal said.
He said registered finance companies would be required to list in the stock exchange. Unlisted finance companies are even now required to publish accounts in the media.
Smaller finance companies would be asked to merge to make them more stable, Cabraal said.
The Central Bank intervened to stabilize Seylan Bank, a member of the Ceylinco group when there was a run on deposits after an unregulated firm in the group collapsed.
The regulator has also intervened in several finance companies, which are now being re-structured by managing agents.
"I am confident that t