Bank of Mauritius overhauling supervisory framework – governor

Yandraduth Googoolye says central bank is embarking on several regulatory and supervisory reforms

Bank of Mauritius
The Bank of Mauritius in Port Louis

The Bank of Mauritius is overhauling its banking supervision to implement a “full-fledged risk-based supervisory framework”, Yandraduth Googoolye said on August 19.

The governor told a conference in the town of Ebène that the central bank was looking to modernise and consolidate its supervision. “Our supervisory approach is evolving from a compliance-based framework to a risk-based framework, which is expected to be completed by end-2020,” he said.

The central bank is also working to upgrade

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