Regulatory Alerts2010-04-27
Guidelines on Country Risk Management
The Bank of Mauritius issued these guidelines to require all licensed banks to establish a comprehensive framework for identifying, measuring, and managing cross-border country exposures. The document mandates that boards and senior management implement robust assessment, control, and monitoring processes, including stress testing, exposure limits, and internal audit functions commensurate with each institution's size and risk profile. Banks must also reflect country risk impacts through dedicated or integrated provisioning policies eligible for Tier 2 capital and disclose relevant qualitative and quantitative data in their annual reports.
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