To timely ease demand pressures in the foreign exchange spot market, and to provide a hedging facility for those with foreign currency-denominated borrowings, the BSP reactivated the Currency Rate Risk Protection Program or CRPP in September 2018. Yes, indeed we had some challenges. But I believe we rose decisively to meet all of them.
It is important that you know your individual responsibility as well as that of your respective authority in the eventuality that a bank failure situation arises. This workshop will take a best practice approach to addressing bank failure, which will allow for an applied view in the ongoing re-examination of the bank resolution framework as relevant to the context of Seychelles.