The involvement of the Bank in the setting up of MauCAS emanates from the Bank of Mauritius Act and the National Payment Systems Act. The Bank is mandated to oversee as well as own payment schemes. The perception of collusion or conflict of interest does not arise as the Bank will have separate teams for operations and oversight.
Amando M Tetangco, Jr: Capital market education – a tool for market development and financial stability Speech by Mr Amando M Tetangco, Jr, Governor of Bangko Sentral ng Pilipinas (the central bank of the Philippines), at the First National Convention of the Capital Market Institute of the Philippines, Manila, 30 October 2012.