Across the world there are 2.5 billion people with no access to formal financial services. In the UK, thirteen per cent of households with an income below £10,000 are without a bank account, compared with 5 per cent of all households.
Financial inclusion has become a major policy concern. Many initiatives exist under the auspices of different government departments and statutory bodies. In addition, the voluntary and private sectors are crucial to providing services to financially excluded groups. The religious authorities are now very much involved with such bodies as the Archbishop’s Task Group on Responsible Credit and Savings helping pull together a national network of churches, communities and credit unions and taking on the payday lenders.
The purpose of this conference will be to take stock of the progress that has been made so far in promoting financial inclusion, and to examine the next moves forward, throughout the United Kingdom, internationally and in SME and trade finance. There will also be a session devoted to the role of digital and mobile technologies.
Plenary sessions will address the following topics:
Inclusive growth vs risk taking: strategic and regulatory issues
How far will technology facilitate financial inclusion
Banking the under banked -Improving access to good financial advice and helping individuals manage their money
Transnational issues (including correspondent banking, trade finance)
Funding prosperity/Financial inclusion and business – SMEs, CDFIs,
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