Regulation | MicroCapital - Page 5
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Friday, April 5, 2013

MICROFINANCE PUBLICATION ROUND-UP: Poverty Scorecard for Nicaragua, Financial Inclusion in Russia, Health Microinsurance in India

“A Simple Poverty Scorecard for Nicaragua;” by Mark Schreiner; January 2013; 189 pages; available at http://www.microfinance.com/English/Papers/Scoring_Poverty_Nicaragua_2009_EN.pdf

This document introduces an “easy-to-use” poverty scorecard based on household expenditure data from Nicaragua’s 2009 Living Standards Measurement Survey. Continue Reading »

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Thursday, April 4, 2013

MICROCAPITAL BRIEF: Simplified Tax Code for Microenterprises in Romania Snares Unprofitable Businesses

The government of Romania reportedly has simplified the tax rate for microenterprises, obliging them to pay a 3-percent tax on turnover. Continue Reading »

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Tuesday, April 2, 2013

MICROCAPITAL BRIEF: Government of India’s Andhra Pradesh Moves to Challenge Supreme Court Interim Order as SKS Microfinance Resumes Operations in the State

As Indian microfinance institution (MFI) SKS Microfinance prepares to resume operations in the Indian state of Andhra Pradesh under a recent Supreme Court order, the Andhra Pradesh state government is moving to challenge the Supreme Court’s decision. Continue Reading »

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Friday, March 29, 2013

MICROFINANCE PUBLICATION ROUND-UP: Curbing Debt Stress, Social Performance in Mexico, UN Human Development Report: The Rise of the South

“Regulatory Options to Curb Debt Stress;” by Gabriel Davel; published by CGAP (Consultative Group to Assist the Poor); March 2013; 29 pages; available at: http://www.cgap.org/publications/regulatory-options-curb-debt-stress

This report highlights how the dynamics of credit markets can lead to cycles of credit growth and accumulation of consumer debt followed by widespread default and contraction. Continue Reading »

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Thursday, March 28, 2013

MICROFINANCE EVENT: 7th Annual Penn Microfinance Conference: DiversiMFIcation, The New Landscape of Microfinance, March 30, 2013, Philadelphia, USA

Event Name: Penn Microfinance Conference: DiversiMFIcation, The New Landscape of Microfinance

Event Date: March 30, 2013

Event Location: Jon M. Huntsman Hall, University of Pennsylvania, Philadelphia, Pennsylvania, USA Continue Reading »

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Tuesday, March 26, 2013

MICROCAPITAL BRIEF: Supreme Court of India Issues Interim Order Loosening Restrictions on SKS Microfinance in Andhra Pradesh

The Indian Supreme Court has issued an interim order allowing Indian microfinance institution (MFI) SKS Microfinance to operate in the state of Andhra Pradesh without securing no-objection certificates from the state government. Continue Reading »

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Monday, March 25, 2013

MICROFINANCE PUBLICATION ROUND-UP: Microfinance and Patriarchy, Connecting the World’s Poorest People to the Global Economy, “Best Practices” in Serving Small Businesses

“Microfinance and Patriarchy: A Drift Away from Serving Women;” published by Knowledge @ Wharton; 2013; 3 pages; available at: http://knowledge.wharton.upenn.edu/createpdf.cfm?articleid=3169

This report highlights the importance of gender equality in the provision of microfinance and focuses on the negative impacts of patriarchal attitudes on lending practices. Continue Reading »

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Friday, March 22, 2013

MICROCAPITAL BRIEF: Social Performance Task Force (SPTF) Calls for Submissions for “Balancing Social and Financial Responsibility” Section of the Universal Standards Resource Library

The Social Performance Task Force (SPTF), a working group initiated in 2005 by CGAP (Consultative Group to Assist the Poor), the Argidius Foundation and the Ford Foundation, is seeking submissions for its online Universal Standards Resource Library. Continue Reading »

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Monday, March 18, 2013

MICROCAPITAL BRIEF: Boston University, CGAP Partner on Financial Inclusion Regulation Website, Request Submissions of Material from Microfinance Stakeholders

The US-based Center for Finance, Law and Policy at Boston University (BU Center) has partnered with CGAP (Consultative Group to Assist the Poor), a US-based nonprofit research and policy center, to create an online repository of materials relating to the regulation of financial inclusion around the world. Continue Reading »

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Thursday, March 14, 2013

MICROCAPITAL BRIEF: Norway’s Telenor Group Expresses Concern over Claim of Bangladeshi Government to Grameen Business

Telenor Group, a Norwegian mobile services provider, reportedly expressed concerns about the ongoing dispute over the ownership of social businesses historically linked with Grameen Bank, a Bangladeshi microfinance institution (MFI). Continue Reading »

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Tuesday, March 12, 2013

MICROCAPITAL BRIEF: Central Bank of Nigeria Agrees to Extend Deadline for Smaller Microfinance Banks to Raise Capital Until December 2013

The Central Bank of Nigeria (CBN) has agreed to extend the deadline by one year for microfinance banks (MFBs) to recapitalize as needed to avoid closing branches to comply with CBN’s regulatory framework that was revised in 2011 to limit the number and locations of branches MFBs can operate based on their level of capital. Continue Reading »

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Monday, March 11, 2013

MICROCAPITAL BRIEF: Reserve Bank of India (RBI) Releases Regulations Governing New Bank Licenses

The Reserve Bank of India (RBI), the country’s central bank, recently released revised regulations for the licensing of new banks that allow private firms, public sector entities and non-banking financial companies (NBFCs) to establish banks through wholly-owned non-operative financial holding companies (NOFHCs). Continue Reading »

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Sunday, March 10, 2013

MICROCAPITAL BRIEF: National Bank of Ethiopia (NBE) Plans Policy Framework to Regulate Microinsurance

The National Bank of Ethiopia (NBE), the county’s central bank, is reportedly planning to draft a policy framework to regulate the microinsurance industry. Continue Reading »

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Saturday, March 9, 2013

MICROCAPITAL BRIEF: China Requires Provinces to Purchase Medical Insurance for Farmers Through Private Providers

The Chinese government reportedly is requiring provincial governments to purchase commercial health insurance for farmers through the New Rural Cooperative Medical Scheme (NRCMS), a social security program run independently by each province and funded by the central government, local governments, farmers’ cooperatives and families. Continue Reading »

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Tuesday, March 5, 2013

MICROCAPITAL BRIEF: India Close to Finalizing Rural Insurance, Microinsurance Regulations

The committee established in September 2012 by India’s Ministry of Finance to propose elements of a regulatory framework for India’s providers of microinsurance and rural insurance is reportedly close to releasing its final report. Continue Reading »

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Friday, March 1, 2013

MICROCAPITAL BRIEF: SKS Microfinance Fined $92k for Collecting Improper Fees as Agent of Bajaj Allianz Life Insurance

The Insurance Regulatory and Development Authority (IRDA), the insurance regulator of India, recently issued Indian microfinance institution (MFI) SKS Microfinance a fine of INR 5 million (USD 91,800) for collecting corporate insurance agent fees beyond the premium price. Continue Reading »

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Tuesday, February 26, 2013

MICROCAPITAL BRIEF: Microcredit Regulation in Kazakhstan to Require Minimum Capital of $200k, Client Disclosure Norms

The Kazakh Ministry of Justice is reportedly in the process of registering a new law regulating microfinance that requires all “microcredit organizations” to convert to “microfinance organizations” within three years. Continue Reading »

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Monday, February 25, 2013

MICROCAPITAL BRIEF: Reserve Bank of India (RBI) May Consider Raising Margin Cap on Microloans if MFIs Relinquish Priority-Sector Status

The Reserve Bank of India (RBI), the country’s central bank, reportedly has refused to remove the 26-percent interest rate cap on loans disbursed by microfinance institutions (MFIs) or to alter margin caps for individual loans to borrowers, despite opposition from within the sector. Continue Reading »

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