Therefore one of the areas that the Bank will concentrate upon therefore is to ensure that risks are properly identified, and managed, and that downside risks which might threaten systemic stability are avoided.
As we move into these new pastures designed to deepen the financial market and broaden the range of financial products and instruments, we feel that it is also the right time to encourage Rating Agencies to start operations in Mauritius. In any case this move will also be beneficial to the sector as we move on to implementation of Basle II.