Besides, several forums exist for the purpose of concensus building between the Bank of Mauritius and the banking sector on major policy issues. This existing collaborative plan should assist in Pillar 2 implementation more effectively.
Given also that the banking sector of Mauritius accounts for over 70% of total financial assets of the country, we cannot underestimate the relevance of applying sound and timely rules and principles towards maintaining the safety and stability of the banking system in the general economic context of the country.