Mauritius has long been at the forefront of the financial world and just like regulators and financial institutions, the Bank Of Mauritius too has been facing increasing challenges in collecting, processing, and reporting information. Especially in an efficient yet cost-effective manner. With the implementation of XBRL, BOM aims to get clean and validated data from the regulated Entities. This will allow BOM to monitor data and activities and reach judgments with far greater speed and confidence.
Read full news here: https://www.bom.mu/pdf/Communique/Communique_20140711.pdf