Supervision and Prudential Regime of the Banking Sector of Mauritius: An Evaluative Review of Statutes

Abstract

Abstract This article provides an evaluative review of the supervision and prudential regime of the banking sector of Mauritius. It assesses the normative framework that provides for the basis of bank supervision in Mauritius using relevant international standards as applicable. It can be observed that the banking sector of Mauritius is quite advanced and compliant with international standards though there is room for improvement. The Bank of Mauritius has been proactive in ensuring that the supervision and prudential regime meets the exigencies of the standards of an international financial centre which Mauritius aspires to be. The aim of this evaluative review is to provide an overview of bank supervision and the prudential regime of Mauritius to the academic and research community since there is a dearth of literature on this aspect coming from Mauritius. Additionally, there are certain lessons that can be learnt from the Mauritian experience regarding bank supervision especially for African countries.