There are other areas that the Bank is now addressing in consultation with the Mauritius Bankers Association. First, the issue of DSIBs: a framework is currently being designed to identify DSIBs. We did not wait for it to be formalized before initiating a dialogue with two of the largest banking groups, and some of the others as well, to simplify their structures.
We started it two years ago. The new provisions of the law allow us to require big banks to separate their banking and non-banking activities in an expedient manner. Our objective is to reduce the complexity of large banking groups, make them easier to manage, make them more transparent to outside stakeholders, and easier to resolve in case they run into difficulties.