The large economies of the world have all worked extremely hard over the last years to reform their banking regulation. One even speaks of a “Regulatory Tsunami.” I have myself been part of that effort by chairing the working group that proposed a reform of banking structures in the EU.
Clearly, it is an ambitious goal; but the 1.2 billion people who remain unserved in our part of the world represent a billion compelling reasons to continue to escalate our efforts to bring financial inclusion to the excluded, to those who continue to live in poverty.