The Regional Centre of Excellence (“RCE”) was inaugurated on 15 March 2019 by the Honourable Dharmendar Sesungkur, the former Minister of Financial Services and Good Governance at the FSC in the presence of Lord Meghnad Desai, Chairman of the Advisory Board of the Official Monetary and Financial Institutions Forum; Mr Greg Medcraft, Director of the Directorate for Financial and Enterprise Affairs of the Organisation for Economic Co-operation and Development (“OECD”); Dr Renganaden Padayachy, the previous Chairperson of the FSC; and Mr Harvesh Seegolam, the former Chief Executive of the FSC.

The launching of the RCE in collaboration with the OECD is a première in the region and will enhance the reputation of Mauritius at international level. This initiative is a result of the Memorandum of Understanding (“MOU”) that was signed by the Government of Mauritius and the OECD in September 2018. This MOU laid down the foundations for collaboration between OECD and Mauritius to strengthen and support effective regulation, sound corporate governance and good conduct in the Southern and Eastern African regions.