Mauritius: Technical Assistance Report-Strengthening Bank Resolution and Crisis Management Framework

June 13, 2018

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Format: Chicago

Mauritius: Technical Assistance Report-Strengthening Bank Resolution and Crisis Management Framework, (USA: International Monetary Fund, 2018) accessed December 21, 2024

Summary

This Technical Assistance Report discusses measures needed to strengthen bank resolution and crisis management framework in Mauritius. The current legal framework in Mauritius does not provide the supervisor with adequate triggers and powers to mitigate risks at a sufficiently early stage. The law should provide for a broader range of corrective tools that allow the supervisor to restore weak banks to sound financial conditions. A new resolution framework is needed to effectively manage failing banks, safeguard financial stability as well as limit moral hazard. Formal plans describing how the resolution authority will manage the failure of individual banks and their groups need to be developed.

Subject: Bank liquidation, Bank resolution, Bank resolution framework, Banking, Crisis management, Financial crises, Legal support in revenue administration, Revenue administration

Keywords: Authority, Bank, Bank liquidation, Bank resolution, Bank resolution framework, BoM Board, BoM subsidiary, CR, Crisis management, Financial authorities, Financial condition, Global, Government's authority, Government's responsibility, Home authorities, Home authorities' resolution plan, Home authority, ISCR, Legal support in revenue administration, Resolution, Resolution plan, Terms and conditions

Publication Details

Pages:

43
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2018/170
Stock No:

1MUSEA2018001
ISBN:

9781484361825
ISSN:

1934-7685

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