In collaboration with
About Us
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.
Dr the Honourable Renganaden Padayachy was appointed as Minister of Finance, Economic Planning and Development on the 12 November 2019.
Prior to his appointment as Minister, Dr Padayachy was the First Deputy Governor (“FDG”) of the BOM from December 2017 to October 2019 and Chairman of the FSC from January 2018 to October 2019.
In his capacity as FDG of the BOM, Dr Padayachy was a member of the Board of Directors of the Bank as well as a member of the Monetary Policy Committee. He was the Chief Economist of the Mauritius Chamber of Commerce and Industry (“MCCI”) and headed the Economic Analysis and Industry Division of the MCCI prior to joining the post of FDG.
Dr Padayachy holds a Ph.D. in Economics from the University of Paris I Panthéon-Sorbonne, France.
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.
© 2024 Regional Centre of Excellence, Mauritius