This Policy Note focuses on distribution channels, the role they play in product diversification and costs, and how …) financial innovation, which has been supported by demographics and the increased penetration of internet, social media and … might enable retail investors to access a wider variety of products, potentially at lower costs, and robo-advisors, which …

risks to consumers has also become more difficult for regulators given rapid financial sector innovation. Regulation of …

Small and medium enterprises (SMEs) face significant financing gaps that stifle innovation and economic growth. The …

universal access to transaction accounts, widespread informality, limited competition, and high costs, particularly for cross … scale. Several EMDE authorities are weighing the potential costs and benefits of CBDCs. We argue that the distinction …