MICROCAPITAL BRIEF: Microfinance Institutions in Pakistan to be Registered as Non-Banking Financial Companies, Regulated by Securities and Exchange Commission

The Securities and Exchange Commission of Pakistan (SECP) recently announced plans to bring all non-deposit taking microfinance institutions (MFIs) and related nongovernmental organizations (NGOs) under the non-banking finance company (NBFC) framework in an effort to improve the regulation and monitoring of their activities.

MICROFINANCE PUBLICATION ROUND-UP: Household Responses to Village Bank Access in Laos; Mobile Banking in Kenya; The Role of Banks in Driving Financial Inclusion

“Household Responses to Access to Finance Through GIZ-AFP Village Banks;” published by the Laos-Australia Development Learning Facility; February 2016; 50 pages; available at: http://ladlf.org/images/publications/030516_LADLF_GIZ_HH_Response_to_A2F_Final.pdf

MICROCAPITAL BRIEF: Bâtisseur de Richesse (BR SARL) Among 50 Microfinance Institutions Closed in Gabon, David Mapakou Arrested For Alleged Savings Fraud

The Ministry of Economy of Gabon recently froze the activities of 50 microfinance institutions that lacked  approval to offer microfinance services.

MICROFINANCE PUBLICATION ROUND-UP: Flexible Microloan Repayment Schedules in Bangladesh; Merchant Acceptance of Digital Payments in Developing Countries; Global Standard-setting Bodies and Financial Inclusion

“Cost-Benefit Analysis of Traditional Versus Flexible Microfinance in Bangladesh;” by S. Bairagi, W. Bin Shadat; published by the Copenhagen Consensus Center; May 2016;  32 pages; available at: http://www.copenhagenconsensus.com/sites/default/files/bin_shadat_microfinance.pdf

MICROFINANCE PAPER WRAP-UP: Guidance on the Application of the Core Principles for Effective Banking Supervision to Institutions Relevant to Financial Inclusion, published by the Basel Committee

“Guidance on the Application of the Core Principles for Effective Banking Supervision to the Regulation and Supervision of Institutions Relevant to Financial Inclusion”, published by the Basel Committee on Banking Supervision, December 2015, 55 pages, available at http://www.bis.org/bcbs/publ/d351.pdf

MICROFINANCE PUBLICATION ROUND-UP: Trends in International Funding for Financial Inclusion; Inclusive Finance in India; Financial Regulation for Inclusion and Development in Latin America

“Current Trends in International Funding for Financial Inclusion;” by M. Soursourian, E. Dashi and E. Dokle; published by CGAP (Consultative Group to Assist the Poor); December 2015; 4 pages; available at: http://www.cgap.org/sites/default/files/Brief-Current-Trends-in-International-Funding-Dec-2015.pdf

MICROCAPITAL BRIEF: Insurance Regulatory and Development Authority of India (IRDAI) Extends Microinsurance Compliance Deadline to March 31, 2016

The Insurance Regulatory and Development Authority of India (IRDAI), the government agency charged with overseeing the country’s insurance market, recently announced that it has extended the deadline for insurance companies to withdraw non-compliant microinsurance products from their portfolios to March 31, 2016.

MICROCAPITAL BRIEF: India’s Sa-Dhan, Microfinance Institutions Network (MFIN) Revise Code of Conduct

Sa-Dhan, an India-based association of 214 microlenders and other financial institutions, and the Microfinance Institutions Network (MFIN), a trade association of 48 Indian microfinance lenders, recently launched a revised code of conduct.

MICROCAPITAL BRIEF: Small Industries Development Bank of India (SIDBI) Among Banks Requiring Third-Party Assessment of Codes of Conduct from Microfinance Institutions (MFIs) Seeking Wholesale Loans

A group of lenders headed by the Small Industries Development Bank of India (SIDBI), a state-owned bank, have made it compulsory for microfinance institutions (MFIs) in the country to undergo third-party assessments of their codes of conduct in order to receive loans.

MICROCAPITAL BRIEF: Central Bank of Nigeria (CBN): Telecommunications Company May Have Violated Mobile Banking Regulations

A large telecommunications company, which has not been identified, is reportedly under investigation by the Central Bank of Nigeria (CBN) because of its work with two Nigerian banks on establishing mobile banking services.

MICROCAPITAL BRIEF: Banks in Indonesia Claim Readiness for Branchless Banking, Pending Regulation Issuance

Banks across Indonesia have reportedly stated that their information technology systems will be ready to handle branchless banking by 2013 pending the issuance of authorizing regulation from Bank Indonesia (BI), the country’s central bank and financial regulator.

MICROCAPITAL BRIEF: Central Bank of Kenya May Give Microfinance Institutions Access to Credit Reference Bureau

The Kenya Bankers Association (KBA), which promotes the interests of its 43 member banks, and the Central Bank of Kenya (CBK) are reportedly working on possible regulation changes that would allow microfinance institutions (MFIs) to access customer data at the country’s Credit Reference Bureau.