The various factors that led to and precipitated the crisis are now well known and documented and I do not want to go over these. What I would like to do, is to discuss the actions taken so far by Governments, central bankers and regulators over the last one year.
My take away from this is that while a deepening of the financial market might translate to financial inclusion, the two may not be automatically synonymous as they have different policy implications. As a staunch proponent of financial inclusion, I suggest we bear these nuances in mind when crafting regulations, with a commitment to financial inclusion as part of a broader agenda.