Mauritius: Financial System Stability Assessment-Update
IMF Staff Country Reports, December 23, 2008
Source details
- Canonical URL
- Mauritius: Financial System Stability Assessment-Update
Other formats
Bibliographic details
- Published: December 23, 2008
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451827880.002
Executive summary
- The Mauritian financial system has been resilient to recent economic shocks.
- Banks have adequate capital buffers against a range of shocks to their credit portfolios and liquidity positions.
- Infrastructural reforms have improved the business environment.
- Several areas require high-priority further steps: insolvency rules, monetary policy, and debt management.
- Advanced risk assessment methods, including stress testing, would be a valuable addition to supervisors’ planning tools and capacity.
Key findings
- Resilience: The financial system demonstrated resilience to recent economic shocks.
- Bank capitalization and liquidity: Banks have adequate capital buffers against a range of shocks to their credit portfolios and liquidity positions.
- Infrastructure and business environment: Reforms to infrastructure have improved the business environment.
- Supervisory capacity and tools: Advanced risk assessment methods, including stress testing, are recommended to strengthen supervisors’ planning tools and capacity.
Policy recommendations and priorities
- Give high priority to reforms in:
- Insolvency rules.
- Monetary policy.
- Debt management.
- Enhance supervisory toolkits by adopting advanced risk assessment methods, including stress testing.
Content in this bundle
- Cr08373