Question

Assess the development and performance of the Financial System in Mauritius?

Answer 1

Financial system in Mauritius is governed by central banks and government and regulates the banking and finance sector through series of predetermined acts like Money Laundering Act, Sarbanes Oxley Act and Foreign Corrupt Practice Act which leaders must abide.

The banking system is dominated by lsrge players and certain smaller players making it monopolistic competitive structure. The stick market comprises of 44 securities and is backed by Competition Commission, Bank of Mauritius and other institutions.

Total asset size is 4.3 billion dollars with 100 percent of GDP and has 7,50,000 credit cards amongst 1.3 million population.

Overall the sturdiness and robustness is great with stronger corporate governance and ESG and ethical audit practices and is governed by regulatory norms, risk management frameworks and Ombudsmen for dispute settlement.

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