Regulation | MicroCapital - Page 27
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Friday, October 1, 2010

MICROCAPITAL BRIEF: Central Bank of Nigeria Revokes Licenses of 224 Microfinance Banks

The Central Bank of Nigeria (CBN), Nigeria’s central banking authority, recently revoked the licenses of 224 of the country’s 820 microfinance banks. Continue Reading »

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Tuesday, September 28, 2010

MICROCAPITAL BRIEF: Women’s World Banking (WWB) Center for Microfinance Leadership Highlights Importance of Training

The latest newsletter of the Women’s World Banking (WWB) Center for Microfinance Leadership, an organization that provides technical and advisory services to microfinance institutions (MFIs) affiliated with WWB, emphasizes the need among MFI leaders for leadership training. Continue Reading »

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Monday, September 27, 2010

MICROCAPITAL BRIEF: Government of Indonesia Signs Memorandum of Understanding with Indonesian Microfinance Institutions and Small and Medium-Sized Enterprises to Update Provisions for Microfinance, Accelerate Disbursement of $1.45b in Government-Sponsored Microloans

The government of Indonesia will update provisions for the microfinance sector, according to Coordinating Economic Minister Hatta Rajasa, in order to accelerate admittedly slow disbursement of IDR 13.1 trillion (the equivalent of USD 1.45 billion) in government-sponsored microloans, especially to small and medium-sized enterprises (SMEs). Continue Reading »

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Monday, September 27, 2010

MICROCAPITAL BRIEF: India’s Finance Ministry Asks Banks to Ensure That Microfinance Institutions (MFIs) to Which They Lend Cap Lending Rates at 24%

The financial services secretary of India, Mr R Gopalan, has written a letter to public-sector banks asking them to ensure that the microfinance institutions (MFIs) to which they lend on a wholesale basis do not charge more than 24 percent interest to retail borrowers. Continue Reading »

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Wednesday, September 22, 2010

MICROCAPITAL BRIEF: Social Investors Investigate Criteria for Environmental, Social and Governance (ESG) Performance of Microfinance Institutions (MFIs), Triple Jump, Oikocredit Hold Meeting to Mull Harmonization of ESG Evaluation

The Social Investor Working Group on Tool Sharing and Harmonization, a group born out of the Social Investor Group meeting in Bern in June 2010, where approximately 40 investors representing about half of total assets under management in the microfinance sector met to discuss socially responsible investing, is exploring different ways to assess the environmental, social and governance (ESG) performance of microfinance institutions (MFIs). Continue Reading »

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Wednesday, September 22, 2010

MICROCAPITAL BRIEF: CGAP (Consultative Group to Assist the Poor) Calls on Funders to Join SmartAid 2011, An Index of Microfinance Support Efficacy

CGAP (Consultative Group to Assist the Poor) has recently announced the release of SmartAid 2011, an index that measures and rates the way microfinance funders support microfinance. Continue Reading »

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Tuesday, September 21, 2010

MICROCAPITAL BRIEF: Peter Van Dijk Outlines Measures to Strengthen Rights of Microfinance Institution Customers

Peter Van Dijk, a consultant based in Indonesia, recently wrote an opinion piece that appeared on the Microfinance Focus website outlining measures to enhance the rights of consumers of microfinance institutions (MFIs). Continue Reading »

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Tuesday, September 21, 2010

MICROCAPITAL BRIEF: Article Defends Indian Microfinance Institutions (MFIs) from Calls to Rein in Profitability

An article was published recently on the website of the Economic Times newspaper defending the Indian microfinance industry from more regulation, especially caps that might restrict the profitability of microfinance institutions (MFIs). Continue Reading »

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Tuesday, September 21, 2010

MICROCAPITAL BRIEF: East African Community (EAC) Seeks to Align Microfinance Institution Regulation

The National Bank of Rwanda (BNR) recently announced that it hosted a regional meeting of central bankers and regulators to discuss the alignment of rules and regulations that govern the microfinance industry within the countries of the East African Community (EAC), which includes the Republics of Kenya, Uganda, Rwanda and Burundi and the United Republic of Tanzania. Continue Reading »

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Monday, September 20, 2010

MICROCAPITAL BRIEF: Central Bank of Nigeria to Discontinue Issuance of Universal Banking Licenses, Introduce Three New Banking License Classes in 2011, Microfinance to Fall Under “Specialized” Category

The Central Bank of Nigeria (CBN), Nigeria’s central banking authority, recently announced that in January 2011 it will introduce three new classes of banking licenses—for commercial banking, merchant banking and specialized banking—as well as discontinue the issuance of universal banking licenses. Continue Reading »

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Wednesday, September 15, 2010

MICROCAPITAL BRIEF: Reserve Bank of India (RBI) Report Recommends Withdrawal of Priority Sector Status from Microfinance Institutions (MFIs)

An unreleased report by a committee of the Reserve Bank of India (RBI) that was recently leaked to the Indian newspaper Economic Times recommended that RBI withdraw the priority sector status of microfinance institutions (MFIs), which allows MFIs borrow at lower interest rates. Continue Reading »

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Wednesday, September 15, 2010

MICROCAPITAL BRIEF: The Insurance Regulatory and Development Authority of India Proposes Steep Raise in Minimum Coverage for Micro-life Insurance Policies and Steep Cuts in Agent Commissions

The Insurance Regulatory and Development Authority (IRDA), India’s insurance regulatory organization, recently announced a draft set of regulations for insurers providing micro-life insurance policies. Continue Reading »

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Tuesday, September 14, 2010

MICROFINANCE PAPER WRAP-UP: Non-bank E-Money Issuers: Regulatory Approaches to Protecting Customer Funds; by Michael Tarazi and Paul Breloff; Published by CGAP (Consultative Group to Assist the Poor)

By Michael Tarazi and Paul Breloff, published by CGAP (Consultative Group to Assist the Poor), Focus Note 63, July 2010, 12 pages, available at: http://www.cgap.org/p/site/c/template.rc/1.9.45715/ Continue Reading »

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Monday, September 13, 2010

MICROCAPITAL BRIEF: Iraqi Microfinance Institutions (MFIs) Agree to Code of Ethics at Inaugural Iraqi Microfinance Industry Network Meeting

At the inaugural meeting of the Iraqi Microfinance Industry Network in Baghdad, representatives of all 14 Iraqi microfinance institutions (MFIs) present agreed to a Code of Conduct and Ethics that mandates ethical behavior and a commitment to serving low-income Iraqis. Continue Reading »

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Friday, September 10, 2010

MICROFINANCE PAPER WRAP UP: Microfinance Activities and the Core Principles for Effective Banking Supervision, by the Basel Committee on Banking Supervision

Written by the Basel Committee on Banking Supervision, released in August 2010, 57 pages, available at http://www.bis.org/publ/bcbs175.htm

This paper written by the Basel Committee on Banking Supervision, a subcommittee of the Bank for International Settlements, which is an intergovernmental organization of central banks, reviews the applicability of its 2006 Core Principles for Effective Banking Supervision [1], the de facto standard on prudential regulation and supervision of banks, to the emerging class of microfinance institutions (MFIs), including both depositing-taking MFIs and cooperatives. Continue Reading »

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Wednesday, September 1, 2010

MICROCAPITAL BRIEF: Brian Cox Highlights Emerging Challenges for Microfinance Institutions (MFIs)

On August 30, 2010, Brian Cox, the president of MFX Solutions LLC, a company which offers currency hedging instruments, highlighted several emerging challenges that microfinance institutions (MFIs) face as they expand such as currency risks, tighter regulation, and tougher capital adequacy requirements in a recent interview with Microfinance Focus. Continue Reading »

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Wednesday, September 1, 2010

MICROCAPITAL BRIEF: Commercial Banks and Microfinance Institutions (MFIs) in the Economic Community of Central African States Required to Raise Capital Reserves to $20m

The Committee of Banking Supervisors of West and Central Africa, an organization that supervises credit establishments and sets prudential banking legislation in western and central Africa, announced earlier this week that starting from 2014, all commercial banks including microfinance institutions (MFIs) in the Economic Community of Central African States (ECCAS), a subsidiary of the African Union [1], will need to have capital reserves of USD 20 million. Continue Reading »

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Tuesday, August 31, 2010

MICROCAPITAL BRIEF: Consultant Sahil Sondhi Calls for Strategy Realignment for Indonesian Microfinance Sector

Sahil Sondhi, an associate consultant at Strategic Asia, a Jakarta based consultancy, wrote an article that appeared recently on the Jakarta Globe website calling for a new strategy in the Indonesian microfinance sector. Continue Reading »

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