In a world fraught with risks it’s imperative to have a framework for ensuring effective coordination with host countries through properly defined Memoranda-of-Understanding (MOUs). The Bank of Mauritius has signed MOUs with seven domestic authorities and with thirteen overseas regulators where local banks conduct business.
In recent years, the global banks have significantly strengthened their practices and procedures for managing risk exposures to hedge funds. But, further progress on this front is needed – in no small part because of the increasing complexity of structured credit products such as collateralized debt obligations.