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    BoM Revises Guidelines on Liquidity Risk and Dividend Payments

    September 24, 2020

    BoM revised the guideline on the management of liquidity risk and the guideline on dividend payments by institutions in Mauritius. As part of the revisions to the liquidity risk management guideline, BoM also published updated templates for Liquidity Coverage Ratio, Maturity Mismatch Profile of Assets and Liabilities, and Liquidity Coverage Ratio Disclosures. The effective date for both these guidelines is September 24, 2020.

    The liquidity risk guideline is in line with the BCBS principles and standards on the management of liquidity risk. BoM expects all institutions to have appropriate risk control measures to identify, manage, and monitor liquidity risk exposures under various stress situations to protect their operations from disruption and adverse financial consequences. This guideline is applicable to all banks licensed by BoM.

    The guideline on dividend payments sets out the minimum criteria and requirements for all bank and non-bank deposit-taking institutions for the declaration and payment of dividend or other transfers from profits. It offers a forward-looking approach to the preservation of capital of banks and non-bank deposit-taking institutions. It ensures these financial institutions maintain adequate capital buffers, especially in the current stressed economic environment, to absorb any losses and preserve their financial soundness.

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    Effective Date: September 24, 2020

    Keywords: Middle East and Africa, Mauritius, Banking, Liquidity Risk, LCR, Reporting, Disclosures, Basel, Dividend Distribution, Basel, BoM

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