Major trends in Russia’s financial market June 29 - July 1, 2016 25th International Financial Congress: The Future of Financial Markets June 29 - July 1, 2016  

Activating the Network Enhancing Network value Policy-Driving Network The AFI Network Today 2008 2009 2010 2011 2012 Concept design Building the Network Activating the Network Enhancing Network value Policy-Driving Network 118 Institutions, 94 countries More than 100 tangible policy reforms Unique Peer Learning network (6 working groups) Maya Declaration with 58 commitments Financial Inclusion entered mainstream of international policy agenda Three Regional Initiatives G20 Implementing partner PPD Platform AFI has become the world’s leading organization on financial policy and regulation.

Financial inclusion and growth Countries’ level of financial inclusion is positively correlated (0.6) with GDP/ capita GDP/ capita in 2014 (%) Percentage of adults with formal accounts (ppt) in 2014 Source: Data from World Bank Global Findex, compiled by AFI

Financial inclusion increases economic growth up to a point. With proper regulation and supervision, financial Inclusion does not pose a trade-off with the financial stability objective. Recent research from the IMF shows that greater financial inclusion can lead to higher growth without jeopardizing stability. Financial inclusion increases economic growth up to a point. Risks to financial stability by expanded access to credit can be mitigated by proper supervision Beside credit access, there are minimal risks for other types of financial inclusion efforts such as closing the gender gap Source: IMF Staff Discussion Note: “Financial Inclusion: Can It Meet Multiple Macroeconomic Goals?”, September 2015

Link between account penetration rates and leadership roles by policymakers and regulators Account Penetration rate based on the 2014 World Bank’s Global Findex database. Indicator on existence of national taskforce/council based on the AFI Country Policy Profiles data source: www.afi-dataportal.org

Policy Intervention & Financial Inclusion AFI members with e-money increased financial inclusion by 11.3 ppts, compared to 7.9 ppts for those without e-money AFI members with agent banking increased financial inclusion by 10.6 ppts, compared to 7.7 ppts for those without agent banking AFI members allow remote account opening at a bank/non-bank on mobile device or through agents increased financial inclusion by 12.0, compared to 9.0 for those who do not AFI members with financial literacy programs increased financial inclusion by 10.5 ppts, compared to 4.4 ppts for those without financial literacy

Policy Examples: Russia Microfinance Law Regulation on Credit Cooperatives in Russia Agent Banking Regulations  

Policy Examples: World Indonesia: FIN Numbers Mexico: Tiered KYC Tanzania: National Financial Education Framework

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