I am delighted to have the opportunity to participate in this inaugural conference on community banking research and policy. By way of introduction, I have spent most of my career in the private sector, including many years as an investor in small and medium-size companies.
Alive to the fact that the Bank of Mauritius Act and the Banking Act still fall short of meeting the international standards for bank resolution and crisis management, the Bank sought assistance from the International Monetary Fund to strengthen the legal frameworks in these areas.