The reaction of regulators and government
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“Regulators and governments are more alert than ever before to such issues as management of risk in banking, failure of bank Boards to exercise effective oversight, inability of many central banks to spot the bubble before it burst, and the dire consequences of being lender of last resort when faced with systemic collapse and too-big-to-fail banks.”Rundheersing Bheenick, Governor, Bank of Mauritius