Published on February 9, 2017

Kay shares why it’s possible to have ‘too much of a good thing.’


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. 

You might also like

Financial Access in Kenya: Results of the 2006 national survey

The price of being banked

2016 FinAccess infographics sheet

The increasingly crowded savannah

Measuring access to financial services in Kenya: Pretesting of concepts

Presentation: Highlights of the 2016 FinAccess report