This is noteworthy because it does provide us with a fresh perspective on the long-held view that the risk of financial instability increases when access to financial services is expanded. Since 2011, 700 million adults have gained more access to an account at a financial institution or through a mobile device, according to the 2014 Global Findex report.
In large part these measures have to be undertaken at the national level, but they can be supported at the European level by the recent decisions to launch an instrument for convergence and competitiveness.