... competition can provide the incentives to expand financial services. Both pru-dential and competition policies (including licensing and entry, exit and merger policies, and branching and similar ... where banks are restricted to deposit, loan, and payment services and where there is a large number and variety of other banklike and nonbanking institutions that offer leasing, factoring, and ... Sectoral reviews, plus an understanding of the state of development and the soundness of sectors, are needed to inform standards and stability assess-ment. The standards, codes, and core principles...