As a matter of coincidence, I started my governorship at the Bank of Mauritius with the outbreak of the pandemic. This theme is attracting significant attention globally. The BIS, IMF, OECD, OMFIF and many central bankers are relentlessly reflecting on how best to maintain stability and resilience of the banking sector.
They didn’t disclose these exposures to stockholders. It impacted the volatility of the foreign exchange markets. So we need more information on such positions. At this stage, that is all settled and the risk isn’t there anymore but we don’t want to risk a repetition of this. Are there any concerns that you have about the structure of your financial industry?