Microfinance

Recent Trends in Microfinance Industry: Regulation, Supervision and the Principles of the Basel Committee Gianfranco A. Vento1 Dhaka, flock 15th 2010 Very preliminary version. Please, do not recite without the authors permission. Abstract In the last some years, microfinance manufacturing changed significantly due to several drivers. First, we ar retrieveing an increasing microscope percentage point of professionalization within the industry, often moving from local complete micro takeing initiatives to better equipped and organized institutions, characterized for a higher sustainability compargond to the past. Second, a large number of global financial intermediaries, for different reasons, are starting to be involved in microfinance, so lend to modify the landscape of the traditional MFIs. Third, new technologies, and especially the evoke up based platforms for channeling notes directly from households to microfinance institutions and borrowers, can face an enkindle and alternative source of funding for MFIs. These alternatives make it easier to branch out the floor of dependence of such institutions from international donors and expensive funds providers. Finally, as a consequence of the above-mentioned drivers, it is possible to witness a very significant growth in microfinance billet worldwide.

much(prenominal) important progresses of the industry make the role of regulators and supervisors much and to a greater extent crucial and, therefore, it becomes always more urgent to highlight the parent criteria that a country has to follow in order to intent an efficient and effective reg ulatory framework. The recent attention on m! icrofinance industry is also demonstrated by the interest towards this portion of financial market of the Basel Committee on Banking Supervision, which Regents College (London, U.K.) and University Guglielmo Marconi (Rome, Italy). Contacts: Regents College, Inner Circle, Regents Park, London, NW1 4NS; electronic mail: ventog@regents.ac.uk. 1 in February 2010 published a...If you want to get a enough essay, order it on our website: BestEssayCheap.com

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