For example, decisions on write offs, restructuring involving financial sacrifice by the bank may go through the bureaucratic rigmarole leading to delays and failure to clinch critical settlements. Very often government ownership is associated with excessive emphasis on the process without regard to and often to the detriment of the expected outcome.
The regulator too may view these passively, if not positively, as all such decisions or indecisions may be justified on the principles of propriety as also because of the comfort of the bail out of the depositor in the event of insolvency. The Mauritian experience Let me now turn to the situation in Mauritius.