Microfinance

Recent Trends in Microfinance Industry: Regulation, Supervision and the Principles of the Basel Committee Gianfranco A. Vento1 Dhaka, sight 15th 2010 Very preliminary version. Please, do not repeat without the authors permission. Abstract In the last few years, microfinance manufacturing changed significantly due to several drivers. First, we ar regaining an increasing microscope constitute of professionalization within the industry, often moving from local loosen microsupplying initiatives to better equipped and organized institutions, characterized for a higher sustainability comp atomic number 18d 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 push aside up based platforms for channeling pecuniary resource directly from households to microfinance institutions and borro wers, can show an enkindle and alternative source of funding for MFIs. These alternatives make it easier to extend 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 profession 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 touch on criteria that a country has to follow in order to con ception an efficient and effective regulator! y framework. The recent attention on microfinance industry is also demonstrated by the interest towards this batch 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: OrderCustomPaper.com

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