Consolidating the FSC As a Highly Credible Regulatory Institution for the Mauritius IFC

During his first intervention as the new Chief Executive of the Financial Services Commission (FSC), Mr. Harvesh Seegolam stated that there is a strong need for the FSC to reinvent itself as a highly credible regulatory institution.  

Mr. Seegolam emphasised that henceforth, there would be no disconnect with the market realities and the developmental needs of the Mauritius International Financial Centre (IFC).  The article can be accessed here

To recall, Mr. Seegolam was formerly the Chief Executive of the Financial Services Promotion Agency (FSPA), the Government institution mandated to develop and promote the Mauritius IFC.

Following his departure, the Officer in Charge of the FSPA is Mr. Faraz Rojid, who was previously heading the technical teams at the FSPA.  Mr. Rojid is in charge pending the full integration of the FSPA into the Economic Development Board (EDB). The EDB, as announced in the 2017-2018 Budget Speech, will be a new institution with a three-fold mission: strategic economic planning, promotion of Mauritius as an attractive investment hub as well as international financial centre, and facilitate the doing of business in Mauritius.

07 August 2017.