Barclays Bank in Mauritius has interviewed various candidates for the post of Chief Executive Officer. Its HR department has requested you to provide them with some guidance notes on the requirement of ‘Fit and Proper’ person under banking laws. Advice
(i) describe the relationship(s) that a bank shares with its customers.
(ii) The duty of confidentiality that the central bank or any other bank has is not absolute. describe.
The Bank of Mauritius has got various objects. It has therefore got many functions and powers in order to achieve the attainment of its objects and goals. describe.
describe the position in UK with respect to Capital Maintenance Doctrine.
(i) What are the indispensable requirements of valid Asset Protection Trust?
(iii) What are the several reasons for which a settlor may decide to create an Asset Protection Trust?
What is the procedure or requirements for acquiring a licence under the Financial Services Act 2007? In what circumstances and how can such a licence be varied, suspended, terminated?