Mauritius Bankers Association (MBA)Mauritius Bankers Association (MBA)Mauritius Bankers Association (MBA)

Research papers

LIBOR Transition FAQs

The MBA Working Group (WG) on the London Interbank Offered Rate (LIBOR) Transition continues to meet regularly to take stock of latest developments and discuss key issues impacting LIBOR discontinuation. The WG has prepared a set of FAQs for clients on the subject, as part of its initiatives to facilitate…
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Developing International business

Part of the mandate of the MBA is to support the development of Mauritius as an international financial centre, by identifying new products, services and markets. One key area of work is to develop a culture of risk-sharing and collaboration on cross-border deals. On 28 June 2021, Ms. Hajrah Sakauloo,…
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Outreach session on LIBOR

On 17 June 2021, the MBA along with its member banks participated in a virtual outreach session organised by the Bank of Mauritius on the phasing out of the London Interbank Offered Rate (LIBOR). Speakers Ms. Simonetta Iannotti, member of the Secretariat of the Financial Stability Board (FSB), Ms. Leman…
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Global Minimum Tax rate

On 16 June 2021, the MBA along with Chief Finance Officers from member banks MCB, HSBC, Absa Mauritius, and Standard Chartered Bank Mauritius participated in the Mauritius Revenue Authority’s tax working Group. The implications of the introduction of a Global Minimum rate of tax for Mauritius were brainstormed during the…
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National Budget measures

On 8 June 2021, the Chairperson of the MBA, Mr. Alain Law Min, and the CEO of the MBA, Mr. Daniel Essoo, met with the Minister of Finance, Dr. Renganaden Padayachy, ahead of the National Budget, to discuss the MBA’s Budget proposals – in particular, pertaining to Moody’s, the Financial…
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LIBOR transition

As part of its ongoing work to facilitate a smooth London Interbank Offered Rate (LIBOR) transition for its members banks, the MBA hosted Mr. Nicholas Tandy, Director, Head of Thought Leadership, Asia Pacific Corporate Risks Solutions, Global Banking, HSBC, Hong Kong, for an online presentation to member banks on 25…
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Development of debt market in Mauritius

On 12 May 2021, the MBA Sub-Committee on Capital Markets organised a webinar where Mr. Dean d’Sa, Managing Director of Pleion Corporate Finance, shared his thoughts on the development of the local bond market, and on how Mauritius can further develop into a regional USD fundraising platform. He invited banks…
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Recent international tax developments

With the fresh support of the newly-elected US administration, a proposal for a Global Minimum Tax Rate recently gathered further momentum among OECD countries. On 6 May 2021 the MBA organised a webinar with  Mr. Mario Hannelas, Technical Advisor to the Director General of the Mauritius Revenue Authority & former…
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LIBOR transition

The MBA Working Group (WG) on LIBOR Transition held its second online meeting on 4 April 2021. The WG group is a multidisciplinary committee, made up of senior officers from a Finance, Risk or Treasury background, and meets once a month to exchange best practice and ensure preparedness in relation…
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Forthcoming changes in international taxation

Reforms to the international fiscal landscape are gathering pace, with three recent developments. In January 2021, the EU voted to review its list of non-cooperative jurisdictions for tax purposes, and crackdown on zero-tax jurisdictions, with legally binding restrictions intending to kick in at end of the year. There are also…
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