The Bank of Mauritius has initiated a phased roll out of a robust risk-based supervisory framework. One of the BCBS core principles for Effective Banking Supervision is consolidated supervision. Financial conglomerates can be faced with various risks, unknown to regulators looking only at one segment of their operations. Further, large financial groups may operate across jurisdictions, with possibly differing regulatory regimes.
4  BIS central bankers’ speeches  The introduction of term repos and secondary-market purchases will enable us to reduce our purchases at primary bond auctions to what we expect will be around 10 per cent. Using 2014 issuance figures, this would amount to an increase of about $ billion in tradable float available across benchmarks.