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

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 s...

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Bibliographic Details
Corporate Author: International Monetary Fund Monetary and Capital Markets Department
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2018
Series:IMF Staff Country Reports
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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300 |a 43 pages 
651 4 |a Mauritius 
653 |a Economic & financial crises & disasters 
653 |a Depository Institutions 
653 |a Revenue administration 
653 |a Banks 
653 |a Bank resolution framework 
653 |a Financial crises 
653 |a Public finance & taxation 
653 |a Banks and banking 
653 |a Bank resolution 
653 |a Micro Finance Institutions 
653 |a Crisis management 
653 |a Financial Institutions and Services: Government Policy and Regulation 
653 |a Mortgages 
653 |a Legal support in revenue administration 
653 |a Crisis Management 
653 |a Bank liquidation 
653 |a Taxation, Subsidies, and Revenue: General 
653 |a Banks and Banking 
653 |a Banking 
653 |a Financial Risk Management 
653 |a Public Finance 
653 |a Revenue 
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520 |a 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