2016 GPFI White Paper – Standard-Setters and Inclusion
Interoperability can greatly expand the reach and usefulness of financial services for the poor. What do regulators need to know about the complex interplay between interoperability and financial inclusion?
A 2016 GPFI white paper highlighted privacy and data security risks in digital financial services, asking international financial Standard-Setting Bodies (SSBs) to pay attention. Why are they concerned, and what steps can SSBs take to improve data security?
“Crowdfunding” is market-based financing where small amounts of funds are raised from large numbers of individual sources. While crowdfunding has the potential to become the next big thing for financial inclusion, risks for both borrowers and lenders need to be better understood.
Since 2011, financial Standard-Setting Bodies (SSBs) have taken fundamental steps on financial inclusion. However, a new GPFI White Paper observes that little progress has been made on understanding financial exclusion risks. What are these risks, and what can be done to address them?
Lack of supervisory capacity is one of the key challenges facing financial sector supervisors in emerging markets. A risk-based approach to supervision helps to strategically allocate scarce resources and to prioritize interventions according to identified risks.