Financial regulators are generally known for taking a measured and cautious approach to change. But in the developed world, that reputation is being turned upside down, as central bankers embrace innovative approaches in their quest to broaden participation in the formal financial system.
KUALA LUMPUR – Financial regulators are generally known for taking a measured and cautious approach to change. But in the developing world, that reputation is being turned upside down. In some of the world’s poorest countries, central bankers have proved willing to make bold decisions – embracing innovative approaches in their quest to broaden participation in the formal financial system, increase financial stability, and put their countries on the path to inclusive, sustainable economic growth.
KUALA LUMPUR – Financial regulators are generally known for taking a measured and cautious approach to change. But in the developing world, that reputation is being turned upside down. In some of the world’s poorest countries, central bankers have proved willing to make bold decisions – embracing innovative approaches in their quest to broaden participation in the formal financial system, increase financial stability, and put their countries on the path to inclusive, sustainable economic growth.