Emily Jones speaks at the 2018 AFI Global Policy Forum
Financial regulators from developing countries gathered in Sochi, Russia in early September 2018 for the annual meeting of the Alliance for Financial Inclusion. GEG's Director Emily Jones shared the findings of GEG’s flagship project ‘Navigating Global Banking Standards’ with central bank officials from 28 developing countries during their working group session.
She emphasised the strong incentives that regulators in developing countries face to implement the latest international banking standards in order to signal to international investors and regulators in other countries that their banking sectors are well regulated. Yet, because international standards are not designed with developing countries in mind, their implementation causes challenges. She proposed a series of reforms to the ways international standards are decided, including to change the mandate of the Basel Committee to ensure international standards are appropriate for a wider variety of contexts.
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