Exploitation may come from a moneylender who charges usurious rates, or a banker demanding personal gratification for giving a government-subsidised loan. The fundamental way to deal with exploitation is to increase competition amongst suppliers of financial services. Regulation can help, but we should be careful that regulation does not shut out competition, thus enhancing exploitation.
One of the panel sessions will focus on global and European financial stability. In the international regulatory community, there is increasing interest in the inter-relations between the insurance sector and the stability of the broader financial system.