In  BIS central bankers’ speeches  1  South Africa, a low-cost bank account, called Mzansi, was launched for financially excluded people in 2004 by the South African Banking Association. In the UK, a Financial Inclusion Task Force was constituted by the government in 2005 in order to monitor the development of the process.
2  C M Reinhart & K S Rogoff (2013), Banking Crises: An Equal Opportunity Menace, Journal of Banking & Finance 37(11), 4557–4573. 3  ECB data. 2  BIS central bankers’ speeches  levels of equity capital are correlated with higher lending volumes – so in fact, the number of loans goes up, not down.