Rundheersing Bheenick: “On the High Street of High Finance…” Address by Mr Rundheersing Bheenick, Governor of the Bank of Mauritius, at the opening ceremony of the new Bramer Bank Headquarters, Port Louis, 15 November 2013. *  *  *  It is a pleasure to be here this evening for the inauguration of these impressive new premises of Bramer Bank.
A working party of the Basle Committee is currently engaged in elaborating the framework of an “internal ratings-based approach” to the capital charges. The keystone of any capital computation is the probability of default exhibited by individual rating categories to which borrowers are assigned.