We will not accept shell corporations – we will license only if banks build risk-appropriate risk management functions in the EU. That’s why it would be so important to work towards a meaningful free-trade agreement that integrates services in a pragmatic manner. There could be an agreement that safeguards a high regulatory standard without imposing undue processes.
We have benefitted from the commitment of visionary funding partners who believed in the concept of AFI and sustained us in our journey toward increasing access to financial services for the poor.