Linda True covers digital banking and lending on the Fintech team at the Federal Reserve Bank of San Francisco. In addition, she is the Asia Program coordinator. She previously covered Asian economies as part of the Bank’s Country Analysis Unit, with special focus on ASEAN economies.
Even the best financial regulation can be undone by faulty or inaccurate financial reporting. Accounting regulatory regimes, which include auditor oversight, are critical in ensuring that the plumbing of the financial system works and ultimately the stability of the economy.
In the final episode of Financial Inclusion & Beyond, your series hosts take a look back at key themes and takeaways from our conversations.
In episode nine of Financial Inclusion & Beyond, we spoke with Grovetta Gardineer, the Senior Deputy Comptroller for Bank Supervision Policy at the Office of the Comptroller of the Currency. We discussed lessons learned from the COVID crisis, financial inclusion challenges here in the United States, as well as the role public policy and regulation should play.
In episode four of our series Financial Inclusion & Beyond, we spoke with José Quiñonez, the founding chief executive officer of Mission Asset Fund (MAF). José talked to us about how MAF is helping those that have typically been left out get integrated into the formal financial system. MAF is drawing on the rich tradition of lending circles to help the low-income and immigrant communities develop a credit history and join the financial system.
In episode two of our series Financial Inclusion & Beyond, we spoke with Greta Bull, the chief executive officer of CGAP, an expert in development finance, primarily focused on small and medium enterprise finance, microfinance, and digital financial services. We discuss the history of financial inclusion efforts around the world and the evolution of the financial inclusion movement, the micro and macro effects of inclusion, and lessons learned from various efforts around the globe.
In this episode, we continue our ongoing Rethinking Asia series with Louis Kuijs, the head of Asia Economics at Oxford Economics. Louis’ career has focused on banking, macroeconomic, and policy issues in China. We spoke to Louis about the trade U.S.-China trade tiff. He shared his thoughts on economic and structural effects of evolving international trade patterns, China’s path to further integrating into the global financial system, and broader consequences for the U.S.-China relationship.
In this episode of Rethinking Asia, we spoke with Frederic Neumann, Managing Director and Co-Head of Asian Economic Research at HSBC. Our exchange began with the complex economic dynamics at play between China and ASEAN members. We learned why intra-Asian trade is expected to increase as more trade agreements are signed within Asia, and how Belt and Road investment can best help Southeast Asian economies.
We spoke with Supavud Saicheua, Head of Economic Research at Phatra Securities, about Thailand’s role in the Asian financial crisis. In our conversation, Supavud discusses the economic and financial risks that developed in Thailand during the 1990s and how they led to the crisis. He also explains how the Thai economy has changed in the decades since the crisis and what risks remain today.
This Asia Focus report provides a historical background of Burmese banking crises, analyzes recent and upcoming regulatory reforms, and evaluates hurdles to the development of a modern banking system.
On June 11-12, 2012, the Federal Reserve Bank of San Francisco (FRBSF) held its fifth Conference on Asian Banking and Finance in San Francisco, entitled “Challenges in Global Finance: The Role of Asia.” Conference participants discussed how the ongoing economic and financial uncertainties in Europe will impact the Asian economies, banking sectors and trade flows; and how Asian banks and financial institutions themselves are addressing these issues.
Accounting regulatory regimes play a critical role in ensuring the reliability of financial data and the credibility of a company, and ultimately in supporting the stability of an economy. Prompted in part by the U.S. actions taken pursuant to the Sarbanes-Oxley Act, many Asian economies have established similar regulatory bodies and standards for their domestic accounting industry.
