data submitted by banks in their returns to the Bank of Mauritius, whereas the Management component is based on subjective criteria many of which are contained in the Guideline on Corporate Governance. The Bank therefore, expects financial institutions to comply with the provisions of the Guidelines, as noncompliance thereto will have a bearing on the Management component in the CAMEL rating of banks.
And job creation in the eight years since the launch of the euro has been substantial, as I noted earlier. Nevertheless, we cannot be content with the current level of unemployment: it is nearly three percentage points higher than in the United States. The picture that you have painted so far is partially positive.