What’s more, the extensive government bond-buying programme will be kicking off shortly, putting more pressure on the German yield curve – that will present quite a challenge for domestic institutions engaged in maturity transformation.
First, may I be allowed to offer a little dose of the history of the decision to modernize the way we process cheques. The Port Louis Clearing House (PLCH) has been functioning since 1968, meeting twice a day, at the premises of the Bank, every working day including once on Saturdays, that is when our high street banks used to work on Saturdays, (Ah!