This move,  2  BIS central bankers’ speeches  however, requires the development of a balanced regulatory and supervisory framework, tailored to the domestic market characteristics in which they operate. Having a balanced regulatory and supervisory framework in place should facilitate the development of these institutions and their outreach to clients, and it is in the supervisor’s interest that this is achieved.
I hope that you will keep this in mind during this three day workshop, as you deliberate and develop your individual action plans, to regulate and supervise these types of institutions in your own countries. I also note the greater participation of Mobile Network Operators (MNOs) in financial inclusion in our countries.