The Basel Committee on Banking Supervision, a committee established by the central bank governors of the Group of Ten countries, has issued for consultation a report entitled “Microfinance Activities and the Core Principles for Effective Banking Supervision.” The report contains supervisory guidance on microfinance activities and reviews practices on regulating and supervising such activities.

The committee requests that comments on the report be submitted by May 7 2010 by e-mail (baselcommittee@bis.org) or post (Secretariat of the Basel Committee on Banking Supervision, Bank for International Settlements, CH-4002 Basel, Switzerland).

By: Stefanie Rubin, Research Assistant

About the Group of Ten:

The Group of Ten is made up of eleven industrial countries, including Belgium, Canada, France, Germany, Italy, Japan, the Netherlands, Sweden, Switzerland, the United Kingdom and the United States, which consult and cooperate on economic, monetary and financial matters.

Additional Resources:

Source Article: Bank for International Settlements: “Microfinance Activities and the Core Principles – Basel Committee Issues Consultative Paper,” http://www.bis.org/press/p100209.htm

Microfinance Activities and the Core Principles for Effective Banking Supervision – Consultative Document: http://www.bis.org/publ/bcbs167.htm