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    Astrid Vandenbergh
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    The United States delegate argues that global access to financial services and banking accounts has not been fully realized, as 4.5% of Americans and 1.7 billion people globally lack bank accounts. Allowing greater access to banking could contribute to financial stability by giving more people opportunities through services. However, greater market share for foreign banks may risk reducing access and raising costs for small and medium enterprises. The delegate calls on countries to take action to show resilience on this issue.

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    The United States delegate argues that global access to financial services and banking accounts has not been fully realized, as 4.5% of Americans and 1.7 billion people globally lack bank accounts. Allowing greater access to banking could contribute to financial stability by giving more people opportunities through services. However, greater market share for foreign banks may risk reducing access and raising costs for small and medium enterprises. The delegate calls on countries to take action to show resilience on this issue.

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    © All Rights Reserved
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    7 views1 page

    Opening Speech

    Uploaded by

    Astrid Vandenbergh
    The United States delegate argues that global access to financial services and banking accounts has not been fully realized, as 4.5% of Americans and 1.7 billion people globally lack bank accounts. Allowing greater access to banking could contribute to financial stability by giving more people opportunities through services. However, greater market share for foreign banks may risk reducing access and raising costs for small and medium enterprises. The delegate calls on countries to take action to show resilience on this issue.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    Delegation: The United States of America

    Honorable chair, fellow delegates, respected guests,


    The globalisation of access to financial services and banks have still not been
    reached,
    Which is choking because everyone should have the right to access an account
    As mentioned in FDIC 4.5 percent of the United States of America's population is
    unbanked and on the global scale 1.7 billion people do not have access to a banking
    account, people who work daily to provide for their families don’t have access to a
    banking account, this means they are restricted to many services and opportunities
    Allowing access to banking will contribute to global financial stabilization
    Does allowing foreign banks to have a larger market share run the risk of
    simultaneously reducing access to and increasing the price of banking services for
    small and medium enterprises,
    The USA asks all countries of this committee to act and show resilience,
    Thank you, Mr/Mrs president,

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