Overview
A Memorandum of Understanding (MoU) between the Government of Mauritius and the organisation for Economic Co-operation and Development (OECD) was signed in September 2018 following which the Regional Centre of Excellence (RCE) was set up in March 2019. The MoU laid the foundations for collaboration between the OECD and Mauritius to strengthen and support effective regulation, sound corporate governance and good conduct in the Southern and Eastern African region.
Mauritius is the only country in Africa, through the RCE, where the OECD has a dedicated, ongoing, cooperative work on financial markets. The RCE acts as a platform for Africa and ensures Mauritius’s visibility globally and at the OECD.
Objectives of the RCE
- Delivering capacity-building programmes aimed primarily at financial services regulators and law enforcement agencies from the Southern and Eastern African region;
- Conducting research topical areas relevant to financial services and financial malpractices for the regional market; and
- Advising on minimum standards that must be introduced at the regional level.
Areas of Co-operation
The primarily focus of the RCE are in the following fields:
- Financial services, including capital markets, investment, insurance and pensions, and combatting financial misconduct and malpractices;
- Financial literacy and financial inclusion;
- Corporate governance and competition;
- Anti-bribery and anti-corruption; and
- Blockchain policy issues.