Institutional Arrangements for Financial Consumer Protection

There is growing evidence that financially inclusive countries are more financially stable and exhibit better micro- and macro-economic conditions conducive to financial well-being of individual consumers. In order to produce significant economic a...

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Main Author:	World Bank Group
Format:	Report
Language:	English en_US
Published:	World Bank, Washington, DC 2016
Subjects:	financial consumer protection protection agency model regulatory interventions institutional framework diagnositic reviews
Online Access:	http://documents.worldbank.org/curated/en/2016/09/26745343/technical-note-institutional-arrangements-financial-consumer-protection http://hdl.handle.net/10986/25196

id	okr-10986-25196
recordtype	oai_dc
spelling	okr-10986-251962021-04-23T14:04:28Z Institutional Arrangements for Financial Consumer Protection World Bank Group financial consumer protection protection agency model regulatory interventions institutional framework diagnositic reviews There is growing evidence that financially inclusive countries are more financially stable and exhibit better micro- and macro-economic conditions conducive to financial well-being of individual consumers. In order to produce significant economic and societal benefits, financial inclusion needs to be promoted in an environment where it is safe for consumers to use financial services and products. Strong financial consumer protection (FCP) helps ensure that the growing use of financial services benefits consumers and does not create undue risks while also supporting financial stability, integrity, and inclusion objectives. Building upon the fifteen most recent World Bank diagnostic reviews and informed by key guidance and relevant research, this note deals exclusively with institutional arrangements for FCP that refer to the number, capacity, organization, structure, resources, and processes of the agency(ies) responsible for FCP regulation and supervision of financial institutions. Institutional arrangements are one of the key determinants of efficiency and ultimate success of any FCP framework. This note is intended to assist policymakers, regulators, and supervisors seeking to establish new institutional arrangements or strengthen the existing ones in their respective countries. The note discusses importance of FCP, main models around the world, their advantages and disadvantages, as well as principal challenges faced by FCP agencies. 2016-10-19T17:26:53Z 2016-10-19T17:26:53Z 2015-08 Report http://documents.worldbank.org/curated/en/2016/09/26745343/technical-note-institutional-arrangements-financial-consumer-protection http://hdl.handle.net/10986/25196 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Economic & Sector Work Economic & Sector Work :: Other Financial Accountability Study
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	financial consumer protection protection agency model regulatory interventions institutional framework diagnositic reviews
spellingShingle	financial consumer protection protection agency model regulatory interventions institutional framework diagnositic reviews World Bank Group Institutional Arrangements for Financial Consumer Protection
description	There is growing evidence that financially inclusive countries are more financially stable and exhibit better micro- and macro-economic conditions conducive to financial well-being of individual consumers. In order to produce significant economic and societal benefits, financial inclusion needs to be promoted in an environment where it is safe for consumers to use financial services and products. Strong financial consumer protection (FCP) helps ensure that the growing use of financial services benefits consumers and does not create undue risks while also supporting financial stability, integrity, and inclusion objectives. Building upon the fifteen most recent World Bank diagnostic reviews and informed by key guidance and relevant research, this note deals exclusively with institutional arrangements for FCP that refer to the number, capacity, organization, structure, resources, and processes of the agency(ies) responsible for FCP regulation and supervision of financial institutions. Institutional arrangements are one of the key determinants of efficiency and ultimate success of any FCP framework. This note is intended to assist policymakers, regulators, and supervisors seeking to establish new institutional arrangements or strengthen the existing ones in their respective countries. The note discusses importance of FCP, main models around the world, their advantages and disadvantages, as well as principal challenges faced by FCP agencies.
format	Report
author	World Bank Group
author_facet	World Bank Group
author_sort	World Bank Group
title	Institutional Arrangements for Financial Consumer Protection
title_short	Institutional Arrangements for Financial Consumer Protection
title_full	Institutional Arrangements for Financial Consumer Protection
title_fullStr	Institutional Arrangements for Financial Consumer Protection
title_full_unstemmed	Institutional Arrangements for Financial Consumer Protection
title_sort	institutional arrangements for financial consumer protection
publisher	World Bank, Washington, DC
publishDate	2016
url	http://documents.worldbank.org/curated/en/2016/09/26745343/technical-note-institutional-arrangements-financial-consumer-protection http://hdl.handle.net/10986/25196
_version_	1764458467551084544

Institutional Arrangements for Financial Consumer Protection

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