Press Release following FSC Press Conference

September 04^th, 2024

Members of the Financial Stability Committee (FSC) from the Financial Services Authority (FSA) and the Central Bank of Seychelles (CBS) conducted a press conference on September 2^nd, 2024, with the aim of providing an overview of the FSC's meeting of the 12^th and 20^th of August, 2024.

Following the press conference and concerns raised by some investors the FSA hereby reassures members of the public that the bond default mentioned within the press conference does not relate to any government issued securities or the Cable and Wireless (Seychelles) Limited bond.

The FSA remains committed to appropriately inform and educate the general public of any matters relating to the non-bank financial services business.

Financial Services Authority