On market-based finance, see, e.g., the Financial Stability Board’s 2017 policy recommendations to address structural vulnerabilities from asset management activities 4 The Tinbergen rule states that different policy objectives call for different policy instruments, while the Brainard  rule states that the choice of instruments depends on the type of uncertainty surrounding their effects, see Aikman et al. (2017, op. cit.).
With this final thought, I hope that by the end of today’s academy, we will have learnt from each other ways and means of improving our approach to strengthening the risk management framework for AML/CFT risks associated with correspondent banking relationships. On behalf of the Bank of Mauritius, and in my own name, I wish every success to this event. Thank you.