However, its use by the private sector as an investment and financing, a payment and vehicle currency is pivotal. The introduction of the euro accentuated the integration of European capital markets and the trend towards securitisation and the associated disintermediation of the banking sector. The euro also acted as a catalyst in diversifying European portfolios away from local-market-based to euro-based issues.
Mardayah Kona Yerukunondu: Implementation of targeted financial sanctions Speech of Mr Mardayah Kona Yerukunondu, First Deputy Governor of the Bank of Mauritius, at the Workshop on the Implementation of Targeted Financial Sanctions, Port Louis, 20 November 2020. * * * Mrs Jennifer Bairner, Counter Illicit Finance Advisor at the British High Commission, Ladies and Gentlemen, I wish you all a very good morning.