*  *  *  Members of the Board of Directors of the Bank of Mauritius and of the Financial Services Commission The Chief Executive of the Financial Services Commission Chairman of the Mauritius Bankers Association Operators in the Non-bank Sector Staff of the FSC and Bank of Mauritius Ladies and Gentlemen It is a great honour and indeed a pleasure for me to welcome you all to the signature of a Protocole D’Accord and the launching ceremony of a Joint Bank of Mauritius/Financial Services Commission Coordination Committee in an effort to promote a more structured and active collaboration and coordination between the two regulatory and supervisory authorities.
You will appreciate that, as financial institutions increasingly operate globally and diversify their businesses, it has become important in the interest of financial stability for supervisory bodies to oversee the safety and soundness of these institutions on a consolidated basis.