The cause of all this would be the boom in information technology. However true this may be for the United States, for Europe the “New Economy”, particularly in a macroeconomic sense, is a goal rather than reality. This also holds for countries in the euro area, such as the Netherlands, which are performing relatively well.
The Regulatory Committee was tasked to advise on the development of a regulatory framework for fintech in Mauritius. The Regulatory Committee identified priority areas in the fintech space to be considered for regulation in Mauritius and recommended the approach to be adopted in regulating this emerging sector of activities.