PMQT: Banking Supervision: Rs 25 billion Missing from Four Banks' Balances

Banking supervision and the significant losses reported by several financial institutions were at the forefront of a vigorous statement by Prime Minister Navin Ramgoolam, in response to a question from MP Adrien Duval regarding the position of Director of Supervision at the Bank of Mauritius (BoM). The Prime Minister reminded that one of the main missions of the BoM is to ensure the stability and soundness of the financial system. To this end, the department...