Alastair Bryce: “The banking sector is certainly not risk-averse”

8 juillet 2014

8 juillet 2014, 17:00

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Alastair Bryce: “The banking sector is certainly not risk-averse”

Mauritius Bankers Association Chairman Alastair Bryce observes that the title of the task force’s work was somewhat prejudicial; it was a task force on unfair terms and conditions in the banking sector. In Mauritius, he points out, the spread between lending and deposit rates compares very favourably with those of other developed and emerging markets and the savings rate is certainly a key driver in the way the economy behaves in major markets.

He however finds that there is not enough debate about the level of capital that the industry holds and how it has to increase with new regulations and adds: “The regulator has done a very good job of ensuring that the industry is healthy, competition is healthy, and banks’ balance sheets are in good shape.”

Read full interview in Business Mag of this Wednesday 9th of July

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Business Files. France-Maurice : une relation bâtie sur des fondations solides