A well-functioning, stable financial system is essential for healthy economic growth. Unfortunately, as you know, after the collapse of a credit boom that encompassed both mortgage lending and other major credit markets, the financial systems of the United States and of a number of other industrialized countries came under severe strain.
•  In order to enhance financial inclusion to reach a wider population across the country, supportive policy strategies and innovations coupled with a strong and proportionate supervisory and risk management frameworks are necessary.