However, a deposit-taking development financial institution in the public sector is not yet brought within the purview of the Bank. A uniform regulatory approach In certain jurisdictions, the legal framework for regulation and supervision makes a distinction on the applicability of certain provisions of the legislation to privately-owned and public sector financial institutions.
Another reason is that, for central banks to make appropriate policy judgments, it is increasingly important to take account of changes brought about by technological innovation and to actively take advantage of such innovation. I. Functions and business operations of a central bank  A.