Please allow me to rebut some of those criticisms. There was a fear that the Bank would be competing with banks and other operators. Ladies and Gentlemen, no responsible central bank will ever attempt this. The Bank has national interests above all. With MauCAS, the Bank aims to ensure that our payment system is up-to-date and in line with Digital Mauritius.
Potential reforms of the Canadian financial system Canadian financial institutions are among the best providers of financial services in the world. These days, they are operating in an intensely competitive global marketplace, teeming with change spawned by rapid advances in technology and innovative new financial products.