Microfinance Activities and the Core Principles - Consultation Deadline
07 May 2010
The Basel Committee on Banking Supervision today issued for consultation Microfinance activities and the Core Principles for Effective Banking Supervision.
The Basel Core Principles for Effective Banking Supervision are the global de facto standard for sound prudential regulation and supervision of banks.
In many countries, microfinance - the provision of financial services in limited amounts to low-income borrowers and small, informal businesses - is increasingly being offered by banks and non-banks (eg microfinance institutions, financial cooperatives) that take deposits. The Committee's report contains supervisory guidance for the application of the Core Principles to microfinance activities. It also reviews the range of practices on regulating and supervising such activities.
Comments on the report should be submitted by Friday 7 May 2010
Source: Bank for International Settlements
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