As the world of financial business continues to evolve, it is vital that we respond quickly to meet the challenges of a new financial era in Mauritius. To this end, information sharing with the objective of improving the quality of knowledge and the ability of the workforce are of paramount importance.
To meet the first requirement, the Bank extended special loans as necessary to several failed institutions -- for example, Hokkaido Takushoku Bank and Yamaichi Securities -- under Article 25 of the Bank of Japan Law, without requiring the usual collateral.