1. 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

2. 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.

3. 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

4. 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

5. 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:

6. 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

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

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

9. Bringing
smart
policies
to life