Similarly, a higher usage of electronic retail payment instruments seems to stimulate banking business. There is also evidence showing that retail payment services generate more stable revenues for banks and decrease their risk. So, also in terms of bank performance, retail payments matter. In this context, the discussions on “ring-fencing” retail banking activities are relevant.
The Report has been finalized and is waiting to be formally presented to the Treasurer and myself;  •  Undertaking a review on the legal framework for Micro-Finance Institutions and a review to the Savings & Loan Societies Act 1995 with the view of separating registry functions from prudential supervision.