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I am joined by Theodora Hadjimichael from Responsible Finance and Kay Polley from the Finance Innovation Lab to discuss how policymakers and regulators can encourage the UK mainstream financial sector to play a greater role in promoting financial inclusion. We discuss policy tools to support the growth of regional financial institutions, requiring banks to provide services to financially vulnerable consumers, and compelling banks to provide greater support for community-based financial institutions.
I am joined by Theodora Hadjimichael from Responsible Finance and Kay Polley from the Finance Innovation Lab to discuss how policymakers and regulators can encourage the UK mainstream financial sector to play a greater role in promoting financial inclusion. We discuss policy tools to support the growth of regional financial institutions, requiring banks to provide services to financially vulnerable consumers, and compelling banks to provide greater support for community-based financial institutions.