Working Session with VISA Capacity Building Following requests from the industry, the MBA’s Card Fraud Prevention Forum, in collaboration with Visa, conducted a free virtual session on Cards Risk Strategic for member banks on 23 November 2021. The event covered topics such as best practice for account enumeration & bin attack risk management, emerging risk/threats in the payment space and acquiring risk management. Legal Reforms Advocacy 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 Authority officials, banks, and World Bank consultants, were held in November. A key area of the work of MBA regards greater fairness in the order of preferential claims, and the MBA’s representations are aligned with international best practice.