Banking sector

Framework graphics with the entry point 'Improve Regulation, Oversight, and Funding of Macro-Economic Systems and Policies' highlighted

EVIDENCE-BASED STRATEGY

Government units develop effective policies and regulations that encourage financial institutions to provide accessible and affordable banking services for disadvantaged groups that meet their unique needs, including short- and long-term financial goals.

SAMPLE INDICATORS

Adherence of financial institutions to government unit regulations
Adherence of financial institutions to internal controls defined by government unit policy
Levels of financial mismanagement, abuse, and/or fraud at the individual level
Digital accessibility in banking (e.g., for people with limited internet access or who are experiencing disabilities)
Geographic distribution of banking outlets (e.g., stratified by neighbourhoods)
Affordability of banking services
Trends in costs of financial transactions
Individual’s perceived ability to meet unique financial needs (e.g., stratified by age)
Individual’s perceived ability to meet short-term financial goals (e.g., among disadvantaged groups)
Individual’s perceived ability to meet mid- and long-term financial goals (e.g., among disadvantaged groups)