FSC Policy Research Group (PRG)

FSC Policy Research Group (PRG)

The Financial Services Commission, Mauritius (FSC) is pleased to announce the launching of its Policy Research Group (PRG) programme. In this context, the FSC invites research proposals from interested and high calibre policy researchers or academics for Phase I of this new programme.

The PRG programme aims to foster research excellence and to publish extensive policy research studies with the view of inter-alia analysing the existing regulatory and non-bank financial market policies in Mauritius.


The broad objectives of the Policy Research Group are to:

  • undertake effective policy-oriented research supported by strong analytical and empirical formulations;
  • facilitate policy formulation as well as review the existing policies from an academic and substantive perspective.

The research themes are:

  • A study on the development of Mauritius as a mid-shore financial jurisdiction for the future.
  • A survey analysis for the scopes of securitisation in Mauritius.
  • A feasibility study for a social investment market in Mauritius.
  • An assessment of the scopes for innovative and "peer-to-peer" financing in Mauritius.
  • A study on the scopes and potentials of wealth management for private banking and investment banking in Mauritius.
  • A feasibility study of a regional passport system for either raising of capital or for investment funds in Africa.
  • An econometric study of an aggregate financial stability index for Mauritius.
  • A quantitative study of systemic risks and stability of the insurance sector in Mauritius.
  • A study on the development and application of 'credible deterrent' enforcement policies by a competent financial regulator/authority in Mauritius.
  • A stakeholders' study for the revamp of the Protected Cell Companies' legislation in Mauritius.

The research proposals of the high calibre policy researchers or academics under the FSC PRG programme will be screened and selected by the PRG Selection Committee. The PRG Selection Committee is a new Committee set up by the Financial Services Commission, Mauritius and comprises high-profile professionals of the local financial industry.

The members of the Committee are:

  • Mr. CHUNG TICK KAN Georges
  • Mr. DINAN Pierre
  • Mr. GNANY Gilbert
  • Dr. ISMAEL Yousouf
  • Mr. RIVALLAND J. M. Louis

The studies of the FSC PRG programme will culminate into the Policy Research Series.

The Policy Research Series will be a new flagship publication of the Financial Services Commission, Mauritius and will target a high-level audience and supported by the Editorial and Advisory Council of world-class researchers and specialists.

The current members and Associate Editors of the Editorial and Advisory Council of the Policy Research Series are: 

Council Members 
Professor of Finance and Director of Research
ICMA Centre, Henley Business School, University of Reading, UK
KANG Jun-Koo
Distinguished Professor of Finance
Nanyang Business School, Singapore
KOTZE Danelle
Professor of Statistics
University of the West Cape, South Africa
Emeritus Professor and Non-resident Senior Fellow
Gresham College, UK and Peterson Institute for International Economics, Washington, USA
Professor of International Finance and Director of Emerging Markets Group
Cass Business School, City University London, UK
William E. Mayer Chair Professor of Finance and Executive Director
Smith School, University of Maryland, USA and the African Economic Research Consortium (AERC)
Professor of Finance and Control
Indian Institute of Management, Bangalore, India