Product Design and Distribution : Emerging Regulatory Approaches for Retail Banking Products

This note discusses emerging international approaches for regulating design and distribution of retail banking products. Such products include deposit, credit, and payment products, being the products that new financial consumers typically acquire...

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Main Author:	World Bank Group
Format:	Report
Language:	English
Published:	World Bank, Washington, DC 2019
Subjects:	RETAIL BANKING FINANCIAL SERVICES FINANCIAL CONSUMER PROTECTION DISCLOSURE ACCOUNTABILITY BANKING REGULATION FINANCIAL INCLUSION ACCESS TO FINANCE
Online Access:	http://documents.worldbank.org/curated/en/993431567620025068/Product-Design-and-Distribution-Emerging-Regulatory-Approaches-for-Retail-Banking-Products-Discussion-Note http://hdl.handle.net/10986/32344

id	okr-10986-32344
recordtype	oai_dc
spelling	okr-10986-323442021-05-25T09:27:34Z Product Design and Distribution : Emerging Regulatory Approaches for Retail Banking Products World Bank Group RETAIL BANKING FINANCIAL SERVICES FINANCIAL CONSUMER PROTECTION DISCLOSURE ACCOUNTABILITY BANKING REGULATION FINANCIAL INCLUSION ACCESS TO FINANCE This note discusses emerging international approaches for regulating design and distribution of retail banking products. Such products include deposit, credit, and payment products, being the products that new financial consumers typically acquire first. Policy makers are finding that financial consumer protection measures implemented to date, such as disclosure requirements, while still important, are insufficient to protect consumers against all key risks. Anticipating new or changing risks to consumers has also become more difficult for regulators given rapid financial sector innovation. Regulation of providers’ product design and distribution processes aims to ensure that products distributed in a market are designed to meet the needs of consumers in that market. This discussion note analyses relevant frameworks in a number of jurisdictions and highlights emerging common approaches, including in relation to requirements for governance arrangements, target market assessments, distribution arrangements and product reviews. 2019-09-04T19:39:22Z 2019-09-04T19:39:22Z 2019-08 Report http://documents.worldbank.org/curated/en/993431567620025068/Product-Design-and-Distribution-Emerging-Regulatory-Approaches-for-Retail-Banking-Products-Discussion-Note http://hdl.handle.net/10986/32344 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work Economic & Sector Work :: Other Financial Accountability Study
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	RETAIL BANKING FINANCIAL SERVICES FINANCIAL CONSUMER PROTECTION DISCLOSURE ACCOUNTABILITY BANKING REGULATION FINANCIAL INCLUSION ACCESS TO FINANCE
spellingShingle	RETAIL BANKING FINANCIAL SERVICES FINANCIAL CONSUMER PROTECTION DISCLOSURE ACCOUNTABILITY BANKING REGULATION FINANCIAL INCLUSION ACCESS TO FINANCE World Bank Group Product Design and Distribution : Emerging Regulatory Approaches for Retail Banking Products
description	This note discusses emerging international approaches for regulating design and distribution of retail banking products. Such products include deposit, credit, and payment products, being the products that new financial consumers typically acquire first. Policy makers are finding that financial consumer protection measures implemented to date, such as disclosure requirements, while still important, are insufficient to protect consumers against all key risks. Anticipating new or changing risks to consumers has also become more difficult for regulators given rapid financial sector innovation. Regulation of providers’ product design and distribution processes aims to ensure that products distributed in a market are designed to meet the needs of consumers in that market. This discussion note analyses relevant frameworks in a number of jurisdictions and highlights emerging common approaches, including in relation to requirements for governance arrangements, target market assessments, distribution arrangements and product reviews.
format	Report
author	World Bank Group
author_facet	World Bank Group
author_sort	World Bank Group
title	Product Design and Distribution : Emerging Regulatory Approaches for Retail Banking Products
title_short	Product Design and Distribution : Emerging Regulatory Approaches for Retail Banking Products
title_full	Product Design and Distribution : Emerging Regulatory Approaches for Retail Banking Products
title_fullStr	Product Design and Distribution : Emerging Regulatory Approaches for Retail Banking Products
title_full_unstemmed	Product Design and Distribution : Emerging Regulatory Approaches for Retail Banking Products
title_sort	product design and distribution : emerging regulatory approaches for retail banking products
publisher	World Bank, Washington, DC
publishDate	2019
url	http://documents.worldbank.org/curated/en/993431567620025068/Product-Design-and-Distribution-Emerging-Regulatory-Approaches-for-Retail-Banking-Products-Discussion-Note http://hdl.handle.net/10986/32344
_version_	1764476340432535552

Product Design and Distribution : Emerging Regulatory Approaches for Retail Banking Products

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