Since an ailing bank which has an international presence may have cross-border implications, it is necessary that proper safeguards are provided in the law to address cross-border issues. In line with these measures abroad, we have informed MOFED of our decision to come forward with proposals for changes to the Banking Act 2004 to provide for an effective bank resolution mechanism for Mauritius.
1/3  BIS central bankers' speeches  In my experience, a conversation is more meaningful when: First, it is between those with the same goals. In this, there is no issue. As mentioned earlier, the SEC, BTr and BSP have always been partners. For one, together with other institutions,2 we are members of the Financial Stability Coordination Council (FSCC).