12  interoperability of CD/ATM services across banks did not create any particular losers, and many banks found that the number of deposit accounts they provide increased, resulting in a win-win situation for everyone and more convenient services for users. This has led to the convenience of cash payments today.
Strong corporate governance is such a crucially important foundation for a prudently run and compliant financial services sector that it’s essential we get the regulatory framework right and be prepared to update it periodically.