In the course of last year, the Bank reviewed its supervisory structures and revisited most of its regulatory guidelines to ensure that the supervision of the banking sector remains ahead of the game and meets a high standard when gauged by international norms.
(Click here for further details on Supervisory issues) The Bank has been actively engaged in both on-site and off-site supervision of banks. The objective is to strengthen our system-wide approach to supervision and to prevent any spillover into the system of any specific risk from individual banks. The exercise includes cross-border banks, that is, subsidiaries as well as branches of banks outside Mauritius.