SEC Pushes for Financial Access, Opportunity for All Through Innovation in APEC Seminar

As seen on SEC’s official Facebook – Securities and Exchange Commission (SEC) Commissioner Rogelio V. Quevedo highlighted the need for a balanced regulatory framework that encourages innovation while safeguarding consumer welfare to promote financial inclusion, as he faced fellow regulators during the Asia Pacific Economic Cooperation (APEC) Senior Finance Officials Meeting in China.

 

Speaking at the Seminar on Financial Access and Opportunity for All: Policies and Innovation to Expand Financial Access held in Chengdu, China on June 10, Commissioner Quevedo emphasized that regulatory certainty, market openness, and strong consumer protection mechanisms are essential in expanding access to finance.

 

“Financial inclusion cannot be achieved simply by increasing the number of market participants. It requires a regulatory environment that allows legitimate institutions to innovate and invest while ensuring that consumers are protected and treated fairly,” he said.