Hence, expanding access to financial services is not just about what I’m calling the 3Ps: Presence, Price and Pushing, but also about relevance and fit with the needs of clients. Technological innovations have helped us dramatically increase access and usage in Kenya.
Many of the markets for private debt and equities are large, but some are not very liquid, and all involve some credit or market risk. I also note that double-counting in these numbers is considerable since money market mutual funds, for example, hold a lot of commercial paper. 2. Greater use of repurchase agreements against a wider range of collateral.