The strong willingness of the authorities in Mauritius to co-operate and to promote the country as a sound and clean jurisdiction runs through the assessments. Even before the Financial Sector Assessment Programme started we, at the Bank of Mauritius, had already identified certain areas of vulnerability of our banking industry.
We did initiate several remedial actions and I am particularly pleased to note that the FSAP Report does make mentions of the various initiatives. The FSAP Report is a critical assessment of where we stand today. The recommendations are expressions of views regarding what need to be done now and in the immediate future.