Consultation responses

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Economic Commissions

The work of the Economic Commissions set up in the last Budget continues, and a meeting of the co-chairs of sub-committees was held on 12 November 2021 to ensure the consultation process is progressing smoothly. All sub-committees have met a number of times and identified recommendations, which are being discussed and refined. The purpose of […]
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Legal Reforms

Two areas of law which are of key importance for banks – the Insolvency regime, and Secured Transactions – are currently under review, with the technical assistance of consultants from the World Bank. In relation to Insolvency Act Reform, two working sessions led by the Registrar of Companies and including insolvency practitioners, Government, Mauritius Revenue […]
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Meetings/Consultations

On 9 November 2021, the MBA CEO and Chair participated in a stakeholder meeting with the new Chairman of the Mauritius Investment Corporation (MIC), Mr. Mark Florman. MIC presented its current scope of action, and invited stakeholder comments and suggestions, as it shapes its future strategies. On 16 November 2021, the MBA participated in a […]
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National Budget measures & Insolvency Act Reform

On 6 October 2021, the MBA met with the Ministry of Finance, as part of ongoing discussions on how banks could help implement a measure announced in the National Budget concerning 0% interest loans for the purpose of private medical care. The MBA is involved as a key stakeholder in an ongoing project for the […]
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Insolvency Legislation

The MBA has been invited to be part of a Working Group (WG) at the level of the Ministry of Finance. A first meeting of the WG was held on 24 September 2021. The mandate of the WG is to review and amend the current Insolvency Legislation, in light of reforms proposed by the World […]
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Economic Commissions

Through the Finance Act 2021, the Government has set up a Public-Private Joint Committee, in order to improve the dialogue between the private and public sectors. Under this Committee are four Economic Commissions, which look at development opportunities in various sectors of the economy, and make recommendations to Government. The objective is to boost the […]
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Sustainability

In addition to being a member of the Task Force on Regulation and Supervision, which falls under the Bank of Mauritius Climate Change Centre, the MBA has also been working with stakeholders towards the greening of the financial ecosystem: Since September 2021, the MBA has held meetings with the Tourism Authority & the international consultancy […]
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Consultations

As part of its advocacy mandate, in the month of August, the MBA has participated in consultations on: BOM Guideline on Cloud Services Non-Citizens (Restriction of Property) Act Capital Markets Private Banking National Land Development Strategy In such matters, the MBA’s role is to help establish consensus on different issues, and communicate the industry’s views […]
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Consultations

Draft Guideline on Stress Testing The MBA hosted a common meeting of Chief Risk Officers (CROs), and Chief Finance Officers (CFOs) of banks at the end June 2021, for high-level discussions relating to the Draft Guideline on Stress Testing by the Bank of Mauritius (BoM). Further to this meeting, the MBA has submitted consolidated comments […]
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