Release of the Future of Banking in Mauritius Abridged Report

On Thursday 8 September 2022, the Future of Banking report was officially presented by the Governor of the Bank of Mauritius to the Honourable Prime Minister and the Honourable Minister of Finance, on the occasion of the Bank of Mauritius 55th Anniversary Governors’ Meet. The Abridged Report has now been made public.

In her foreword to the Abridged Report, Ms. Bonnie Qiu, HSBC CEO and Chairperson of the MBA, states that:

“The Abridged Report for the Future of Banking in Mauritius is the result of a thorough and extensive collaboration with the Bank of Mauritius, Mauritius Bankers Association Limited (MBA) and Oliver Wyman.

 The report brings to light concrete actions that will be taken to bring Mauritius to new heights as an International Financial Centre (IFC). The recommendations in this report will provide the Mauritius International Financial Centre (MIFC) with the competitive edge to succeed in the face of a fast-moving banking industry in terms of strategic vision, new technology and business models as well as developing and attracting talent to Mauritius. The Economic, Social and Governance strategy of the banking sector is equally important which will improve the greening of the financial system and support sustainable initiatives.”