At first I considered beginning my new term without holding any event at all, but for the purpose of reflecting together with you all on this meaning, and newly resolving ourselves for the work ahead of us, we are having this inaugural ceremony, even if it is only a simple one.
The Deposit Insurance Scheme Bill has been finalised by the Bank of Mauritius and sent to government to be enacted. Nine years after the global financial crisis, loan loss provisioning and asset quality remain key issues for banks and regulators. Accounting standards around the world are currently based upon the incurred-loss impairment model.