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

The impact of financial services associations

Regulation 2.0 – Gazing into the crystal ball

Key findings from the 2015 FinAccess geospatial mapping survey

2015 FinAccess geospatial mapping survey: analysis and use cases

The 2nd FSD Kenya annual lecture on financial inclusion

The long-run poverty and gender impacts of mobile money