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Debt Moratoria in the Next Pandemic: Be Prepared, and Be Fair

Moratoria have been an important part of the COVID-19 response for millions of low-income borrowers. Reflecting on the COVID-19 experience, here are four ways moratoria could work better in a future crisis.
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Is Mexico’s “Fintech Law” Leading a New Trend in Fintech Regulation?

Some regulators are looking to Mexico's so-called "fintech law" as an example of how to respond to the full range of fintech innovations in a single law. But this isn't what the Mexican law does, and there are good reasons for this.
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Some Countries Have Digital Bank Licenses, Others Have Digital Banks

Some regulators are creating custom banking licenses for digital banks. Others are licensing digital banks with existing licenses. What's the better way to encourage digital banking?
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How Can Licensing Regimes Keep Up with Financial Innovation in 2020?

Tech giants, digital banks, e-money issuers, fintech startups — as more diverse players enter the financial services space, they are becoming harder for regulators to classify and license. Here are four ways regulators can respond in 2020 and beyond.
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Last-Mile Agent Networks: Why Public-Private Partnerships Matter

Building out rural agent networks isn’t just about harnessing digital innovations. Global experience shows that it’s also about the public and private sectors working together.
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Deposit Insurance: The Last Line of Defense for E-Money?

Should deposit insurance cover e-money? The answer may not be the same for every country, but here are two lessons that apply across markets.
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Cloud Computing for Financial Inclusion: Lessons from the Philippines

For the first time, the Philippine central bank has allowed a bank to move its core banking operations to the cloud. Its approach, balancing caution with forward thinking, holds lessons for regulators in other countries.
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Regulator’s Friend or Foe? Cloud Computing in Financial Inclusion

When regulated and supervised properly, cloud computing can be a boon to financial institutions trying to reach underserved customers. Here are some tips for regulators and supervisors in emerging markets.
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Running a Sandbox May Cost Over $1M, Survey Shows

CGAP and the World Bank surveyed regulators across 30 countries to find out how and why they’re using regulatory sandboxes and what it takes to run one.
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Do Regulatory Sandboxes Impact Financial Inclusion? A Look at the Data

CGAP estimates that less than 25 percent of sandbox-tested solutions address financial inclusion. Here's how to change this.
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I-SIP Approach Helps Russia Shape Inclusive Financial Policy Making

Find out how Russia's central bank is using the I-SIP approach to promote financial inclusion.
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How the Philippines Applied I-SIP Approach to Basic Deposit Accounts

Learn how the Philippine Central Bank is advancing financial inclusion using a new CGAP toolkit for policy makers.
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A Growing Trend in Financial Regulation: Thematic Sandboxes

More regulators are experimenting with "thematic sandboxes" that are designed to advance a specific policy goal. Here are three types of thematic sandboxes we've seen emerge over the past year.
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Let’s Free Up Cash Networks by Rethinking Agent Regulations

Regulations often give big financial institutions near total control over mobile money cash-in/cash-out networks. Changing the rules would enable small entrepreneurs to play a bigger role in building last-mile cash networks.
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It’s Time to Deregulate Agent Cash In/Cash Out

Agent regulations often treat agents like extensions of bank branches. But the reality is that many agents conduct a far more limited range of financial activities and should be regulated differently.
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A Better Way to Create a Regulatory Sandbox

Regulatory sandboxes usually evolve over time. Why not start with a simple version that's easy to update based on user feedback?
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One Thing Regulators Should Do Before Launching a Sandbox

Financial regulators should consult with industry early and often if they are thinking about creating a regulatory sandbox.
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Global Financial Innovation Network: Not Global Yet

The rapidly evolving FinTech space has many regulators worried about their ability to keep pace. A new global network of regulators aims to offer practical guidance and promote cooperation in the space, but to succeed it will need a diverse membership.
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How Regulators Can Foster More Responsible Digital Credit

Regulators can help ensure digital credit helps, rather than harms, poor customers by taking these steps.
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4 Regulatory Enablers for Digital Finance: A Gender Perspective

Unless policies consider gender, we risk leaving behind the most vulnerable in society, particularly women, limiting our ability to achieve the SDGs. However, if implemented with gender in mind, the basic regulatory enablers of digital finance can increase women's financial inclusion.