During his delivery of the 3rd FSD Kenya annual lecture on financial inclusion, John Kay argued that the challenge for emerging economies is to avoid the mistakes of the west and to instead focus on building a financial sector that is focussed on the core needs of the non-financial economy. He also warned against the dangers of highly detailed, overly prescriptive regulation and called for a rebuilding of trust in the provision of financial services.
Download the lecture brief to review a short the main arguments of his presentation and click here for more on Kay’s week-long visit.
Kay, J. (2017). Kay shares why it’s possible to have ‘too much of a good thing.’. Nairobi, Kenya: FSD Kenya.