Whereas the current trend worldwide is to effectively nationalise banks as part of the response to the credit crunch, in Mauritius we have the reverse situation – the public sector selling its majority interest in one of the banks to private sector operators.
Strengthening of interaction with the banking industry At the apex level, collaboration between commercial banks and the Bank occurs through the quarterly Banking Committee meetings in which Chief Executives of all banks and the Mauritius Bankers Association (MBA) participate. The Banking Committee is not confined to supervision and regulation alone but covers the entire gamut of issues relating to banks.