CBS team back from fact-finding mission to Mauritius |05 April 2011

Meetings were held with senior officials from the Bank of Mauritius as well as private firms in the financial sector.
 
Mr Laporte also had discussions with his counterpart, Rundheersing Bheenick and Vice-Prime Minister and Finance Minister Pravind Jugnauth.

Discussions with the Bank of Mauritius centered on strengthening the regulatory framework, improving competition in the banking sector as well as setting up the necessary framework for activities such as leasing, hire purchase and Islamic banking.

The Bank of Mauritius also shared its experience in the setting up of its Credit Information Bureau, which Seychelles intends to set up in the months to come.

A series of meetings was also held with private sector operators mostly in the area of financial services, including banking, leasing and hire purchase operators, who have expressed considerable interest in setting up shop in Seychelles.
 
“CBS will embark on a process to review and enact relevant legislation to allow for these new products in the financial sector,” says a press release from the bank.

“These developments will further deepen the financial sector in Seychelles, provide more competition, contribute to economic growth and ultimately benefit the Seychellois people.”