Responsible Finance Forum

Global Standard-Setting Bodies and Financial Inclusion: The Evolving Landscape

02 March 2016
Source:  Global Partnership for Financial Inclusion

Since the publication of the first GPFI White Paper in 2011, Global Standard-Setting Bodies and Financial Inclusion for the Poor – Toward Proportionate Standards and Guidance, global standard-setting bodies have taken steps toward financial inclusion, acting on most of the proposed observations and recommendations.

The second edition of the White Paper takes into account the considerable evolution of the financial inclusion landscape since 2011, concluding with observations and recommendations for further action.

The White Paper aims to raise awareness of the changing landscape, inform ongoing work by the standard-setting and other global bodies, and integrate financial inclusion objectives into standards and guidance that can be applied effectively at the country-level.

It takes into consideration the important role that digitization of financial services plays in reaching financially excluded and underserved customers and its implications for the standard-setting bodies.