This event has a major impact on the German banking sector not only in the short, but also in the long term. For the short term, I may say that banks and supervisors have more or less completed preparations for a hard Brexit.
It contained a series of both conventional and unconventional measures to support businesses, households and individuals financially impacted by the pandemic. Another milestone solution was the establishment of the Mauritius Investment Corporation Ltd. Through a bold array of measures, the Bank of Mauritius has contributed to salvaging the economy, saving jobs and shielding businesses, especially systemic corporates, against the economic backlash of the pandemic.