There are many pending issues, here in Mauritius as well. In Mauritius, we often tend to pattern our institutions on what seems to be working elsewhere. But, in the banking and finance sector, practice varies from country to country. We must therefore be very careful when we are comparing to ensure we compare like with like.
And even more careful when we reformulate supervisory mandates and redesign institutions to guard against importing models engineered to address an entirely different set of problems in an altogether different operating environment.