Both the LCR and the NSFR seek to reduce the excessive mismatch of banks’ assets and liabilities structure. In Mauritius, Basel III implementation has been a gradual process.
Let me say a few words about each of these. Structural reform is a broad area with many priorities. But in general, we can say that policy-makers should aim to encourage efficiency and flexibility in their economies. This is particularly true in the financial sector, where it is vital that all countries work to strengthen their financial markets and institutions.