Financial Inclusion

monetary Inclusion and Consumer Protection in Peru The palmlike banking melodic line sound aside assessment report control of Banks, redress and AFPs Consultative free radical to Assist the Poor February 2010 Financial cellular inclusion and consumer protection in Peru: the branchless banking business A Joint SBS/CGAP Report decision maker summary As part of its Global Policy Initiative, CGAP1 partnered with the Superintendence of Banks, Insurance and AFPs of Peru in late 2008, with the purpose of enhancing the understanding of the issues and trends in consumer relations when monetary services are delivered through and through branchless banking, particularly through agents, which are used in perpetually increasing casing in Peru. The product was this joint report.2 trey other countries with germane(predicate) experience in branchless banking (Kenya, brazil and India) participated in a similar exercise at round the same time. As in the case of Peru, the exercise ga ve an fortune for regulators of each jurisdiction to look at their regulatory and institutional framework for protect branchless banking users, evaluate their regulatory and supervisory actions, and identify areas for improvements.

A forthcoming CGAP Focus Note complements the effort, by making an boilersuit evaluation of the lessons learned in these countries and drawing off on the knowledge from other pioneer countries such as s prohibitedheast Africa, Mexico, Colombia and the Philippines. The Focus Note will point out and reference point priority areas of concern and possible regulatory and insurance policy options to address them.3 The Superintenden! ce and CGAP coordinated closely on selective information and information gathering, as well as on loyalty to writing this report.4 The first part of the report outlines the financial inclusion efforts shortly being undertaken by the Superintendence. The following section summarizes the roughly great points of the legal and regulatory framework for financial consumer protection, pointing out all specificity of branchless banking. The third part...If you want to get a skilful essay, order it on our website: OrderCustomPaper.com

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