Indeed, it appears that some institutions may have already reduced their systemic footprint in anticipation of these additional charges. Of course, the crisis starkly illustrated that what seem like thick capital cushions in good times can become uncomfortably thin in the face of financial stress.
I also thank our prime stakeholders, specifically the Mauritius Bankers Association and its members, for their valuable contribution in terms of views and input in crafting this programme and supporting its roll out. I rely on your cooperation to make the strategy a success.