In the United States, private equity funds are also to be subjected to higher registration and transparency requirements, although the details of the Dodd-Frank Act, which was passed in the United States, on this issue are not yet known.
The Seychelles Monetary Authority, the precursor to the Central Bank of Seychelles, was established a mere two years after Seychelles gained its independence. This was the ultimate act that validated us as a sovereign state, with the ability to issue currency, manage our reserves, inspect banks and financial institutions and perhaps most importantly, set our own monetary policy objectives.