The apparent increased flexibility of the American economy arguably also reflects the extent of deregulation over the past quarter century. Certainly, if the energy sector were still in the tight regulatory fetters of the 1970s, our flexibility today would be markedly less. That the collapse of Enron barely registered in the relatively recently developed markets for natural gas and electric power was encouraging.
In addition, with a view to widening the scope of its consumer education strategy and reaching out to the greater number, the Bank is participating to an initiative driven by the GSBF, the Groupe des Superviseurs Bancaires Francophones. I am also pleased to share that the Bank of Mauritius is a proud and active member of the FINCONET, the International Financial Consumer Protection Organisation.