Presentation during panel 3B on responsible finance at the Foromic 2012 held in Barbados.

1. Analistas Financieros
Internacionales (Afi)
Independent consultants
October 3rd 2012
Álvaro Martín Enríquez (amartin@afi.es)

2. Department of Innovation and
International Development
Panel 3B:- Responsible Finance
We are independent consultants in finance
o Since 1987, consulting in economics, banking and finance
o Based in Madrid (Spain)
o Strong international focus on Latin America and North Africa (30+ countries)
o Main international clients are multilateral financial institutions and their local beneficiaries
o Other clients include:
 Spanish financial institutions (deposit institutions, insurance companies, asset
managers, etc.)
 Private international clients (financial and corporate sectors)
 Public administrations
FOMIN – Foromic 2012 2

3. Department of Innovation and
International Development
Panel 3B:- Responsible Finance
Our take on responsible access to finance
An inclusive financial system is the result of proper regulation and
Financial supervision, the adequate development of the financial industry, and
inclusion the willingness and capacity to address the needs of the unbanked
The application of innovative technologies to the financial sector is a
Financial proven cost-effective way of swiftly narrowing the gap between
innovation financial access and financial needs in most emerging and developing
countries
A well-informed and trained universe of clients contributes to the desired
Financial
education scenario of fair provider-customer relationships and the freedom of
choice to consumers. It must be accompanied by the most an
appropriate framework for consumer protection
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4. Department of Innovation and
International Development
Panel 3B:- Responsible Finance
Basic framework for client protection
Client
• Self-protection
• Financial
education
Authority Industry
• Regulation • Regulatory
• Institutions compliance
• Sanctions • Code of conduct
Transparency
& Protection
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5. Department of Innovation and
International Development
Panel 3B:- Responsible Finance
Afi’s guided assessment of transparency and CP
BENCHMARK
Proposed
guidelines Baseline
GAP ASSESSMENT
Pilot to
apply
GENERAL Guide of Action
PRINCIPLES Best Plan
Proposed Practices
LITERATURE
Guide of Best
REVIEW M&E
Practices
IDENTIFICATION
OF INNOVATIONS
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6. Department of Innovation and
International Development
© 2012 Afi. Todos los derechos reservados.
FOMIN – Foromic 2012