Financial inclusion programmes may do many things to facilitate financial transactions and financial sector coverage, as well as the penetration and the efficiency of financial sector, but the temptation to treat them as a panacea must be resisted. They can at best facilitate but cannot deliver employment, development, equity or environmental benefits.
Given the ongoing evolution of the financial markets in Asia, it is essential for your institutions, like ours, to analyze the compliance risks that relate to the financial products sold by them, especially since these products will continue to evolve.