Today, the Bank of Mauritius hosted the fourth meeting of the Financial Stability Board (FSB)Regional Consultative Group for Sub-Saharan Africa in Port Louis, Mauritius.
At the meeting, members of the FSB Regional Consultative Group for Sub-Saharan Africa began by reviewing the FSB’s policy priorities and work plan, including Basel III, efforts to end “Too-Big-to-Fail”, increasing supervisory effectiveness, enhancing cross-border cooperation, transforming shadow banking and making derivatives markets safer. Members also discussed vulnerabilities in the global financial system and regional financial stability issues. In this context, they considered the possibility of continued weak growth prospects in advanced economies, especially in Europe and a decline in investment in major economies in the region. They also considered the potential effects for the region of the future unwindingof accommodative monetary policies elsewhere.
Click here for full details.
