The imperative for financial inclusion is both a moral one as well as one based on economic efficiency. After all, should we not give everyone access to the services we all in this room enjoy? Moreover, if everyone had the tools and resources to better themselves, would this not increase output, growth, and economic prosperity?
While available evidence suggests that lenders are managing their risks broadly appropriately, it cannot be excluded  BIS Review 60/2007  1  that some of the pricing models and risk management techniques currently applied could rely on overly benign assumptions.