Part of the mandate of the MBA is to support the development of Mauritius as an international financial centre, by identifying new products, services and markets. One key area of work is to develop a culture of risk-sharing and collaboration on cross-border deals. On 28 June 2021, Ms. Hajrah Sakauloo, Country Head of International Subsidiary Banking, HSBC Bank (Mauritius) Limited gave a presentation on International business and Cross-border Connectivity. Members of the MBA International Sub-Committee brainstormed on how best to leverage their presence and complementarities across continents, such as Asia and Africa. The session covered syndicated deals and collaborative refinancing of assets, the use of data, and leveraging international corridors. The presentation also covered managing risks, including credit risk, AML/CFT risk, Anti-Bribery and Corruption (ABC), legal risk and fraud. The session is being followed by a number of bilateral meetings between banks.
