Timothy Lyman

Lead Financial Sector Specialist

Timothy Lyman was at CGAP until November 2019. During his time, he led CGAP’s work to incorporate consideration of financial inclusion in the work of the global financial sector standard-setting bodies, including as lead Implementing Partner on the work of the G20 Global Partnership for Financial Inclusion focused on the standard setters.

He co-chaired the works of the Basel Committee on Banking Supervision leading to the Committee’s first guidance on a financial inclusion topic in 2010 and currently serves as Vice Chair of the Financial Inclusion Workstream of the Basel Consultative Group—the outreach arm of the Basel Committee. Mr. Lyman serves on the Executive Committee of the Access to Insurance Initiative, Implementation Partner of the International Association of Insurance Supervisors. He has worked on financial inclusion-related policy and regulation and community development for over 30 years, in every region of the world. For much of his career, he was a partner in the law firm of Day, Berry & Howard (now Day Pitney) and served as president of its affiliated philanthropic foundation. From 1994 to 2005, he served as principal outside legal counsel to Save the Children/U.S.

Mr. Lyman has a Law degree from New York University School of Law and a Bachelor’s degree from Harvard University. He speaks French, Spanish, Bosnian/Croatian/Serbian, and German.

By Timothy Lyman

Research

Deposit Insurance and Digital Financial Inclusion

This Brief summarizes issues relevant to deposit insurance arising from emerging digital stored-value products and offers three distinct approaches for countries to consider.
Blog

Will Crowdfunding Help Financial Inclusion of Unserved Crowds?

“Crowdfunding” is market-based financing where small amounts of funds are raised from large numbers of individual sources. While crowdfunding has the potential to become the next big thing for financial inclusion, risks for both borrowers and lenders need to be better understood.
Blog

Deepening Insights on Financial Exclusion Risks

Since 2011, financial Standard-Setting Bodies (SSBs) have taken fundamental steps on financial inclusion. However, a new GPFI White Paper observes that little progress has been made on understanding financial exclusion risks. What are these risks, and what can be done to address them?
Blog

Global SSBs Chart New Path in Digital Financial Inclusion

Global standard-setting bodies (SSBs) are increasingly recognizing the significant implications of developments in digital financial services. A new white paper from The Global Partnership for Financial Inclusion (GPFI) offers a roadmap through some of the most critical issues.
Research

Inclusive Finance and Shadow Banking

This Brief explains why approaches to inclusive finance that are currently widespread do not share the potentially destabilizing attributes of other types of shadow banking, concluding by identifying some risks worth monitoring as the picture continues to evolve.