Publication:
Financial Inclusion and the Linkages to Stability, Integrity and Protection : Insights from the South African Experience

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dc.contributor.authorCGAP
dc.date.accessioned2013-04-09T16:46:35Z
dc.date.available2013-04-09T16:46:35Z
dc.date.issued2012-11-02
dc.description.abstractInternational Standard-Setting Bodies (SSBs) and national policy makers-including financial regulators-pursue the core objectives of financial stability, financial integrity and financial consumer protection. These advances challenge financial regulators to consider how to optimize the linkages among the four distinct policy objectives financial inclusion, financial stability, financial integrity, and financial consumer protection. There is good reason to believe that, at the level of outcomes, ISIP objectives may be mutually reinforcing and interdependent: no long term stability without inclusion, for example, and vice versa. In practice, at the policy level, the linkages are less well known and policy makers face choices that are unnecessarily framed as tradeoffs. This report introduces and develops the concept that a proportionate approach to any financial inclusion measure (and specifically to its regulatory and supervisory design and implementation) should seek to optimize the ISIP linkages: maximizing synergies and minimizing tradeoffs and other negative outcomes. In South Africa, the four ISIP objectives are also the four pillars of national financial sector policy; and financial inclusion in various forms has been a key objective for the postapartheid period. The study sought to understand in each case: 1) whether the ISIP linkages were considered at the time of the intervention; 2) what was done to mitigate potential ISIP risks; and 3) as far as the available data allowed, what linkages have been manifest to-date.en
dc.identifierhttp://documents.worldbank.org/curated/en/2012/11/17385987/financial-inclusion-linkages-stability-integrity-protection-insights-south-african-experience
dc.identifier.doi10.1596/13095
dc.identifier.urihttps://hdl.handle.net/10986/13095
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCESS TO ACCOUNTS
dc.subjectACCESS TO ATMS
dc.subjectACCESS TO BANKING
dc.subjectACCESS TO BANKING SERVICES
dc.subjectACCESS TO CREDIT
dc.subjectACCESS TO FINANCIAL SERVICES
dc.subjectACCESS TO MORTGAGE
dc.subjectACCOUNT HOLDERS
dc.subjectACCOUNTABILITY
dc.subjectAFFORDABILITY
dc.subjectAFFORDABLE HOUSING
dc.subjectAFFORDABLE HOUSING FINANCE
dc.subjectAFFORDABLE HOUSING LENDING
dc.subjectAFFORDABLE HOUSING LOANS
dc.subjectARBITRAGE
dc.subjectARREARS
dc.subjectBAD DEBTS
dc.subjectBANK ACCOUNT
dc.subjectBANK ACCOUNTS
dc.subjectBANK ASSETS
dc.subjectBANK FAILURE
dc.subjectBANK HOLDING
dc.subjectBANK LENDERS
dc.subjectBANK LOAN
dc.subjectBANK SUPERVISION
dc.subjectBANKING ASSETS
dc.subjectBANKING CRISES
dc.subjectBANKING CRISIS
dc.subjectBANKING LAW
dc.subjectBANKING SECTOR
dc.subjectBANKING SUPERVISION
dc.subjectBORROWER
dc.subjectCAPACITY BUILDING
dc.subjectCAPITAL ADEQUACY
dc.subjectCAPITAL BASE
dc.subjectCAPITAL REQUIREMENT
dc.subjectCAPITAL REQUIREMENTS
dc.subjectCASH ECONOMY
dc.subjectCASH WITHDRAWAL
dc.subjectCENTRAL BANKS
dc.subjectCOMMERCIAL BANKS
dc.subjectCOMMUNITY BANKS
dc.subjectCOMMUNITY REINVESTMENT
dc.subjectCONSUMER CREDIT
dc.subjectCONSUMER EDUCATION
dc.subjectCONSUMER PROTECTION
dc.subjectCOOPERATIVE BANKS
dc.subjectCOOPERATIVE DEVELOPMENT
dc.subjectCOOPERATIVES
dc.subjectCREDIT ASSOCIATION
dc.subjectCREDIT COOPERATIVE
dc.subjectCREDIT COOPERATIVES
dc.subjectCREDIT CRITERIA
dc.subjectCREDIT MARKET
dc.subjectCREDIT PERFORMANCE
dc.subjectCREDIT RECORD
dc.subjectCREDIT UNIONS
dc.subjectCREDITORS
dc.subjectDEBIT CARD
dc.subjectDEBIT CARDS
dc.subjectDEBTS
dc.subjectDEMAND FOR CREDIT
dc.subjectDEPOSIT
dc.subjectDEPOSITOR
dc.subjectDEPOSITORY INSTITUTIONS
dc.subjectDEPOSITS
dc.subjectDIVERSIFICATION
dc.subjectDUE DILIGENCE
dc.subjectECONOMIC DEVELOPMENT
dc.subjectECONOMIC EMPOWERMENT
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC STABILITY
dc.subjectEMPLOYER
dc.subjectEMPLOYERS
dc.subjectEMPLOYMENT
dc.subjectEXCHANGE RATE
dc.subjectEXCLUSION
dc.subjectEXCLUSIONS
dc.subjectFINANCIAL ACCESS
dc.subjectFINANCIAL AUTHORITIES
dc.subjectFINANCIAL CRISIS
dc.subjectFINANCIAL EXCLUSION
dc.subjectFINANCIAL INSTABILITY
dc.subjectFINANCIAL INSTITUTION
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL MARKETS
dc.subjectFINANCIAL POLICY
dc.subjectFINANCIAL PRODUCTS
dc.subjectFINANCIAL REGULATORS
dc.subjectFINANCIAL SECTOR DEVELOPMENT
dc.subjectFINANCIAL SECTOR POLICY
dc.subjectFINANCIAL SERVICE
dc.subjectFINANCIAL SERVICE ACCESS
dc.subjectFINANCIAL SERVICE PROVIDERS
dc.subjectFINANCIAL SERVICES
dc.subjectFINANCIAL STABILITY
dc.subjectFINANCIAL SYSTEM
dc.subjectFINANCIAL SYSTEMS
dc.subjectFORMAL BANKING
dc.subjectFORMAL CREDIT
dc.subjectFORMAL FINANCIAL SECTOR
dc.subjectFORMAL FINANCIAL SERVICES
dc.subjectFORMS OF CREDIT
dc.subjectFRAUD
dc.subjectGEOGRAPHIC ACCESS
dc.subjectGREATER ACCESS
dc.subjectHOME IMPROVEMENTS
dc.subjectHOME LOAN
dc.subjectHOME LOANS
dc.subjectHOUSEHOLD INCOME
dc.subjectHOUSEHOLD WEALTH
dc.subjectHOUSEHOLDS
dc.subjectINCOME FLOW
dc.subjectINCOME GROUPS
dc.subjectINDEBTEDNESS
dc.subjectINDEPENDENT RETAIL
dc.subjectINDIVIDUAL LOAN
dc.subjectINEQUALITY
dc.subjectINFLATION
dc.subjectINFORMAL PROVIDERS
dc.subjectINSTALLMENTS
dc.subjectINSURANCE MARKETS
dc.subjectINSURANCE POLICY
dc.subjectINSURANCE PREMIUMS
dc.subjectINTEREST RATE
dc.subjectINTEREST RATE CAPS
dc.subjectINTEREST RATES
dc.subjectINTERNATIONAL COMMERCE
dc.subjectINTERNATIONAL DEVELOPMENT
dc.subjectISSUANCE
dc.subjectJOB CREATION
dc.subjectLARGE BORROWERS
dc.subjectLAWS
dc.subjectLEGISLATION
dc.subjectLENDER
dc.subjectLENDERS
dc.subjectLEVEL OF RISKS
dc.subjectLIVING STANDARD
dc.subjectLOAN
dc.subjectLOAN PERFORMANCE
dc.subjectLOAN PORTFOLIO
dc.subjectLOAN PORTFOLIOS
dc.subjectLOAN REPAYMENTS
dc.subjectLOCAL CURRENCY
dc.subjectLOW MINIMUM BALANCES
dc.subjectMANDATES
dc.subjectMARKET DEVELOPMENT
dc.subjectMARKET SEGMENTATION
dc.subjectMICRO LOANS
dc.subjectMICROCREDIT
dc.subjectMICROFINANCE
dc.subjectMICROINSURANCE
dc.subjectMICROLOAN
dc.subjectMINIMUM CAPITAL REQUIREMENT
dc.subjectMONEY LAUNDERING
dc.subjectMORAL SUASION
dc.subjectMORTGAGE
dc.subjectMORTGAGE ACCESS
dc.subjectMORTGAGE CREDIT
dc.subjectMORTGAGE FINANCE
dc.subjectMORTGAGE LENDING
dc.subjectMORTGAGE LOAN
dc.subjectMORTGAGE LOANS
dc.subjectMORTGAGES
dc.subjectNATIONAL CREDIT
dc.subjectNATIONAL TREASURY
dc.subjectNEW MARKET
dc.subjectNONBANKS
dc.subjectNONPAYMENT
dc.subjectNONPERFORMING LOANS
dc.subjectOPERATIONAL RISK
dc.subjectOUTSTANDING LOANS
dc.subjectPAYMENT SYSTEM
dc.subjectPAYMENT SYSTEMS
dc.subjectPAYROLL DEDUCTION
dc.subjectPAYROLL DEDUCTIONS
dc.subjectPOINT OF SALE
dc.subjectPOLICY ENVIRONMENT
dc.subjectPRICING CONTROLS
dc.subjectPRIVATE BANKS
dc.subjectPROPERTY MARKETS
dc.subjectPRUDENTIAL REGULATION
dc.subjectPRUDENTIAL REQUIREMENTS
dc.subjectREAL ESTATE
dc.subjectREAL ESTATE LOANS
dc.subjectREGISTRATION REQUIREMENTS
dc.subjectREGULATORY AUTHORITIES
dc.subjectREGULATORY FORBEARANCE
dc.subjectREGULATORY FRAMEWORK
dc.subjectREGULATORY STANDARDS
dc.subjectREMITTANCES
dc.subjectRENEGOTIATION
dc.subjectREPAYMENT
dc.subjectRESERVE
dc.subjectRESERVE REQUIREMENTS
dc.subjectRESIDENTIAL MORTGAGE
dc.subjectRETAIL BANK
dc.subjectRETAIL BANKS
dc.subjectRETIREMENT
dc.subjectRISK MANAGEMENT
dc.subjectRISK PROFILE
dc.subjectSAVINGS
dc.subjectSAVINGS ACCOUNTS
dc.subjectSAVINGS GROUPS
dc.subjectSAVINGS PRODUCTS
dc.subjectSETTLEMENT
dc.subjectSETTLEMENT SYSTEMS
dc.subjectSMALL BANK
dc.subjectSMALL LOANS
dc.subjectSOLVENCY
dc.subjectSOURCE OF INCOME
dc.subjectSUBSIDIARY
dc.subjectSUPERVISORY AGENCIES
dc.subjectSYSTEMIC RISK
dc.subjectTERRORISM
dc.subjectTHE SOUTH AFRICAN RESERVE BANK
dc.subjectTRANSACTION
dc.subjectTRANSPARENCY
dc.subjectUNSECURED CREDIT
dc.subjectURBAN AREAS
dc.subjectUSURY
dc.subjectVILLAGE
dc.subjectVULNERABLE CONSUMERS
dc.subjectWAGES
dc.titleFinancial Inclusion and the Linkages to Stability, Integrity and Protection : Insights from the South African Experienceen
dspace.entity.typePublication
okr.date.disclosure2013-02-26
okr.date.doiregistration2025-05-05T11:27:08.972039Z
okr.doctypePublications & Research::Working Paper
okr.docurlhttp://documents.worldbank.org/curated/en/2012/11/17385987/financial-inclusion-linkages-stability-integrity-protection-insights-south-african-experience
okr.globalpracticeFinance and Markets
okr.globalpracticeTrade and Competitiveness
okr.guid992221468305681172
okr.identifier.externaldocumentum000356161_20130226154007
okr.identifier.internaldocumentum17385987
okr.identifier.report75157
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2013/02/26/000356161_20130226154007/Rendered/PDF/75157020120CGA0Box0374307B00PUBLIC0.pdfen
okr.region.administrativeAfrica
okr.region.countrySouth Africa
okr.topicBanks and Banking Reform
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicPrivate Sector Development::Emerging Markets
okr.topicFinance and Financial Sector Development::Access to Finance
okr.topicFinance and Financial Sector Development::Bankruptcy and Resolution of Financial Distress
okr.unitExecutive Secretariat (CGIAR)
okr.volume1 of 1
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