rameswurlall basant roi : recent reforms in banking regulation, supervision and prudential accounting in mauritius address by mr rameswurlall basant roi, governor of the bank of mauritius, at the imf afritac south seminar on international financial reporting standards 9, ebene, 7 april 2017. * * * ladies and gentlemen good morning i am happy to be here with you this morning. thank you mr ravi mohan, resident advisor to the imf ’ s afritac south, for inviting me to share my views on recent reforms in the area of banking regulation and supervision, including on prudential accounting, in mauritius. in 2012, the bcbs released the revised core principles for effective banking supervision to address weaknesses that came to light during the 2007 – 08 global financial crisis. in recent years, supervisors around the world – including the bank of mauritius – have taken radical steps to improve the regulatory and supervisory framework by drawing lessons from the crisis and by raising standards in line with the revised core principles and other internationally - accepted norms. the 2007 – 08 crisis demonstrated how easily a failed financial institution – in particular, systemically important ones – could send tremors across jurisdictions worldwide. shockwaves can be transmitted, for instance, directly via the liquidity channel by way of severe constraints to access funding or indirectly via second - round effects resulting from an economic slowdown. it is thus important that financial institutions build up resilience to be able to absorb both internal as well as external shocks. many regulators have made stress testing an integral component of the capital planning exercise for financial institutions. the bank of mauritius has recently developed stress testing models to independently assess the resilience of banks to shocks, both at macro and micro levels. banks are being required to implement an internal capital adequacy assessment by conducting stress testing for key risks at least once a year. in line with international trends, the bank of mauritius issued guidelines on capital conservation buffer back in june 2014. domestic systemically important banks are called upon to build adequate capital buffers that can be used in the event of stressed financial and economic conditions. whereas some supervisory authorities have already developed a risk based supervisory framework, a good number of authorities are still in the process of constructing their own framework to ensure that resources and compliance requirements are commensurate with the risk levels as well as the systemic importance of financial institutions. the bank of mauritius has initiated a phased roll out of a robust risk - based supervisory

yandraduth googoolye : blockchain technology ’ s potential to benefit society and the economy speech by mr yandraduth googoolye, governor of the bank of mauritius, prelude to banquet in the context of the adc global blockchain summit, adelaide, 27 march 2019. * * * honourable steven marshall, premier of south australia major general the honourable michael jeffery, forum patron excellencies ladies and gentlemen all protocol observed good evening i feel truly privileged to address such a distinguished audience. i would like to thank the honourable steven marshall and the australian davos connection for the invitation which gives us such a unique opportunity to attend this adc global blockchain summit in adelaide, the gem of south australia. south australia is a region that is known for its proverbial welcome and hospitality. it is a region that is not only culturally and aesthetically marvellous but which also has to its credit some astonishing feats. astonishing indeed is one of the anecdotes i have come across with regard to south australia : i do not think that there is in this second millennium, any other place in the world where the iconic coca - cola has been outsold by 3 to 1 by the farmers union iced coffee. i hope there is some around as i definitely look forward to having a sip of this beverage. ladies and gentleman, i shall now get back to the reason behind this august gathering, the adc global blockchain summit. this platform stands out by the fact that it has brought together world leading entrepreneurs, financiers, regulators, researchers, innovators and business leaders to focus on strategies and practical applications for business growth. from what i have gathered, this is the largest and highest level of speakers ever assembled in south australia for a blockchain event involving c - level, owner, entrepreneur and minister level participation from over 30 countries across various geographies. it is a privilege that we shall, across the days, hear and learn from the most respected authorities worldwide all that needs to be understood on one of the most intriguing yet promising technological breakthroughs … i am referring to blockchain … ladies and gentlemen, blockchain technology has tremendous potential to positively impact the social and economic landscapes. its attributes are several. its feature of full transparency across networks makes blockchain stand out as one of the most likable and adaptable technologies out of different technologies available in the market. add to this the element of robust