Bank of Mauritius overhauling supervisory framework – governor

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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