As I indicated earlier, the Commissioner and the Central Bank have worked very closely on the Draft Credit Union Bill and on amendments to the Cooperative Societies Act to make sure that there is no overlap or duplication between these two pieces of legislation.
The vision document outlines the short- and medium-term plans of the Reserve Bank for the various payment and settlement systems in the country. The broad contours outlined in the document enable the banks to plan their initiatives in tune with the perspectives laid down in the Vision for the country as a whole.