However, the Bank of Mauritius has always maintained a consistent and prudent approach in its regulatory oversight, and the recent global financial crisis has proved us right in our conviction that a properly regulated jurisdiction promotes financial stability and enhances the level of confidence in the financial system.
The Bank of Mauritius is further working, in collaboration with the banking sector, on the ringfencing of banking activities with a view to facilitating the monitoring process and mitigating the risk of regulatory arbitrage.