Regulatory reforms and reliable honest cross-border banking is key to ensuring the respect and success of African banking establishments internationally.
The Banker, one of the publications for the Financial Times Group, officially announced in its January 2017 edition that Governor Rameswurlall Basant Roi had been named as the Central Bank Governor of the Year for Africa.
Governor Rameswurlall Basant Roi is currently the governor at the Central Bank of Mauritius and they have welcomed the choice made by The Banker magazine.
Election and decision making process
Over the last twelve months The Banker magazine has been having detailed discussions with senior executives from over 40 central banks from across the African continent. In addition to this, and before making their final decision, they have also been speaking to, and seeking the opinions of, a huge number of both past and present well respected bankers and economists.
Under his governorship, the Bank of Mauritius has gained the confidence and respect of many other banking establishments
Over the last two years the Bank of Mauritius has been focusing heavily on its regulatory, monetary and other central banking policies. This required confronting both domestic and external challenges, a hugely necessary and daunting process that has gained the respect of many other major banking institutions.
When asked about the work he has been doing at the bank over the last few years he said, “The Bank of Mauritius has had two very difficult years to stabilize the financial sector, particularly the banking sector”, “the bank has performed its regulatory responsibilities well, confidence in the Bank of Mauritius’ ability to manage monetary management effectively has been restored.”. He concluded by saying “Despite strong headwinds, the bank is continuing its pace of reforms. The requirements of the new challenges are much more demanding in terms of technical expertise than ever,”. He later added, “There are ‘ways’ of advancing the jurisdiction’s best interests. We simply need the ‘will’,” he said.
Governor Rameswurlall Basant Roi reacted to the news by acknowledging those working with him
Governor Rameswurlall Basant Roi reaction to the news of his election by recognizing the work already done, and still being done at the Bank of Mauritius by members of the Banks Board of Directors. He said, “I am indeed very happy to note that the Bank’s resolute commitments and unwavering efforts to build a stable, resilient, clean and forward-looking financial jurisdiction are being viewed with an elevated sense of appreciation in respected quarters of the world” he then continued by saying “I am delighted to also dedicate this accolade to the staff of the Bank whose devotion and industriousness are so valuable to the achievement of the Bank’s development and policy goals”.
Pictures : bom.mu and orange.mu and Bank of Mauritius