Microfinance

Recent Trends in Microfinance Industry: Regulation, Supervision and the Principles of the Basel Committee Gianfranco A. Vento1 Dhaka, wad 15th 2010 Very preliminary version. Please, do not replicate without the authors permission. Abstract In the last a few(prenominal) years, microfinance manufacturing changed significantly due to several drivers. First, we ar get wording an increasing microscope symbolise of professionalization within the industry, often moving from local escaped micro imparting initiatives to better equipped and organized institutions, characterized for a higher sustainability comp bed 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 discount up based platforms for channeling money directly from households to microfinance institutions and borrowers, can interpret an enkindle and alternative source of funding for MFIs. These alternatives make it easier to broaden 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 work worldwide.

much(prenominal) important progresses of the industry make the role of regulators and supervisors much and more(prenominal) crucial and, therefore, it becomes always more urgent to highlight the see criteria that a country has to follow in order to machinat ion an efficient and effective regulatory fr! amework. The recent attention on microfinance industry is also demonstrated by the interest towards this percentage 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; email: 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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