The Opportunity of Successful Regulatory Engagement in Emerging Markets

Caleb Raywood, Region Counsel, South Asia, Middle East & Africa, MasterCard

This paper discusses the role of a multi-national corporation's law department in adding value to the business in emerging markets. In particular, the manner in which regulatory issues are handled is used as a case study. It highlights the advantage of a law department's international reach, in contrast to the limited geographical remit of local management and why this places responsibility on the legal team to leverage a corporation and industry's experience in one part of the world so it is understood elsewhere.

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UAE Regulation Banking & Finance November 2008 Vol. 2, No. 5, Autumn 2008

Caleb Raywood

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Caleb Raywood is Region Counsel, South Asia, Middle East & Africa, MasterCard Worldwide. He has lived in Dubai, United Arab Emirates since 1999 and prior to joining MasterCard worked for Clyde & Co on a broad variety of commercial issues. Caleb handles all legal issues affecting MasterCard's business in the region with a particular focus on public policy and regulatory issues and can be contacted at caleb_raywood@mastercard.com.

Mastercard Worldwide

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MasterCard Worldwide, a leading global payments solutions company, is a driving force at the heart of commerce - enabling global transactions and bringing insight into the payments process to make commerce faster, more secure, and more valuable to everyone involved. As a critical link among financial institutions and millions of businesses, cardholders and merchants worldwide, MasterCard provides services in more than 210 countries and territories. MasterCard advances commerce worldwide by developing more secure, convenient and rewarding payment solutions, processing billions of payments seamlessly across the globe, and building economic connections that accelerate business.

UAE Regulation Banking & Finance November 2008 Vol. 2, No. 5, Autumn 2008
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