Mfi Regulation And Supervision
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Mfi Regulation And Supervision
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Author : David Onditi
language : en
Publisher:
Release Date : 2019-05-16
Mfi Regulation And Supervision written by David Onditi and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-05-16 with categories.
Research Paper (undergraduate) from the year 2019 in the subject Business economics - Business Management, Corporate Governance, grade: A+, University of Nairobi (Main Campus), course: International Business, language: English, abstract: There are a number of key principles of microfinance regulations. However, empirical research indicates that some key principles such as governance, and capital adequacy should be the main focus of the microfinance regulation and supervision. CGAP (2012) developed the Consensus guideline for the supervision and regulation of the microfinance institutions (MFIs). CGAP indicated that the MFIs should have a higher capital adequacy ratios as compared to the commercial banks since the microloans issued by the MFIs have insufficient security and the borrowers main motivation to repay the loans is the expectation that they would receive more loans. The MFIs are at a higher risk of loan delinquency contagion that can lead to a significant increase in the de-capitalization. Berger agreed with the above view by stating that MFIs need to have minimum capital adequacy as a means of helping the organizations to overcome the volatilities. The researcher thus concurs that capital adequacy should be a key principle in the regulation and supervision of the MFIs due to the volatilities associated with low collateral quality in the MFI loans, and increased risk of loan repayment delinquency. However, the principle should only apply to the MFIs that offer uncollateralized loans or in the cases where the security is not adequate to effectively cover the loan.
Does Regulatory Supervision Curtail Microfinance Profitability And Outreach
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Author : Robert Cull
language : en
Publisher:
Release Date : 2009
Does Regulatory Supervision Curtail Microfinance Profitability And Outreach written by Robert Cull and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009 with categories.
A Framework For Regulating Microfinance Institutions
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Author : Hennie van Greuning
language : en
Publisher:
Release Date : 1999
A Framework For Regulating Microfinance Institutions written by Hennie van Greuning and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999 with Financial institutions categories.
Does Regulatory Supervision Curtail Microfinance Profitability And Outreach
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Author : Robert Cull
language : en
Publisher:
Release Date : 2016
Does Regulatory Supervision Curtail Microfinance Profitability And Outreach written by Robert Cull and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with categories.
Regulation allows microfinance institutions to evolve more fully into banks, particularly for institutions aiming to take deposits. But there are potential trade-offs. Complying with regulation and supervision can be costly. The authors examine the implications for the institutions' profitability and their outreach to small-scale borrowers and women. The tests draw on a new database that combines high-quality financial data on 245 of the world's largest microfinance institutions with newly-constructed data on their prudential supervision. Ordinary least squares regressions show that supervision is negatively associated with profitability. Controlling for the non-random assignment of supervision via treatment effects and instrumental variables regressions, the analysis finds that supervision is associated with substantially larger average loan sizes and less lending to women than in ordinary least squares regressions, although it is not significantly associated with profitability. The pattern is consistent with the notion that profit-oriented microfinance institutions absorb the cost of supervision by curtailing outreach to market segments that tend to be more costly per dollar lent. By contrast, microfinance institutions that rely on non-commercial sources of funding (for example, donations), and thus are less profit-oriented, do not adjust loan sizes or lend less to women when supervised, but their profitability is significantly reduced.
Comparative Review Of Microfinance Regulatory Framework Issues In Benin Ghana And Tanzania
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Author :
language : en
Publisher: World Bank Publications
Release Date : 2005
Comparative Review Of Microfinance Regulatory Framework Issues In Benin Ghana And Tanzania written by and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with Bank categories.
Abstract: The authors investigate the microfinance regulatory regimes in Benin, Ghana, and Tanzania, with a view to identifying key issues and lessons on how the overall regulatory framework affects integration of microfinance institutions into the financial system. The authors find that recognizing different tiers of both regulated and unregulated institutions in a financial structure facilitates financial deepening and outreach to otherwise underserved groups in urban and rural areas. That environment promotes sustainable microfinance under shared performance standards and encourages regulatory authorities to develop appropriate prudential regulations and staff capacity. Case studies of the three countries raise important issues on promoting microfinance development vis-à-vis regulating them. Laws to regulate activities other than intermediation of public deposits into loans can result in disproportionately restrictive and unmanageable standards, even as dynamic microfinance sectors have emerged without conducive regulatory regimes. The authors use the three countries' regulatory experiences to highlight the importance of differentiating when prudential supervision is warranted and when regulatory oversight suffices, and to identify the agencies to carry out regulation. They address an important issue that has received scant attention, measuring and paying for the costs of regulating microfinance, and the need to build technical capacity of supervisory and regulatory staff.
Microfinance Institutions And Public Policy
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Author : International Monetary Fund
language : en
Publisher: INTERNATIONAL MONETARY FUND
Release Date : 2002-09-01
Microfinance Institutions And Public Policy written by International Monetary Fund and has been published by INTERNATIONAL MONETARY FUND this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002-09-01 with Business & Economics categories.
Many governments and nongovernmental organizations have adopted policies to promote the growth of microfinance institutions (MFIs). The appropriate level and form of support for MFIs are discussed in this paper on the basis of a review of key MFI characteristics. Governments are also responsible for the regulation of MFIs; here, some principles concerning the extent and coverage of MFI regulation and supervision are developed.
International Survey Of Integrated Financial Sector Supervision
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Author : Jose de Luna-Martinez
language : en
Publisher: World Bank Publications
Release Date : 2003
International Survey Of Integrated Financial Sector Supervision written by Jose de Luna-Martinez and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003 with Banks and banking categories.
Despite the intense debate on the advantages and disadvantages of adopting integrated supervision that has taken place in recent years, little is known about the experiences of countries that have adopted it and the obstacles and challenges they have faced to implement it. In an attempt to shed light on this area, the authors present the results of a survey conducted in a group of 15 countries that have adopted integrated supervision. After a brief review of the literature on integrated supervision, the authors examine four topics: 1) The reasons cited by this group of countries for establishing an integrated supervisory agency. 2) The scope of regulatory and supervisory powers of these agencies. 3) The progress of these agencies in harmonizing their regulatory and supervisory practices across the intermediaries they supervise. 4) The practical problems faced by policymakers in adopting integrated supervision. The survey revealed that the group of integrated supervisory agencies is not as homogeneous as it seems. Important differences arise with regard to the scope of regulatory and supervisory powers the agencies have been given. In fact, contrary to popular belief, less than 50 percent of the agencies can be categorized as mega-supervisors. Another finding is that in most countries progress toward the harmonization of prudential regulation and supervision across financial intermediaries remains limited. Interestingly, the survey revealed that practically all countries believe they have achieved a higher degree of harmonization in the regulation and supervision of banks and securities companies than between banks and insurance firms. The survey also identified some practical problems faced by this group of countries in establishing their unified supervisory agencies. The authors discuss these problems, along with the practical lessons and recommendations provided by the 15 agencies to other countries considering integrated supervision, in the final section of the paper.
Banking And Micro Finance Regulation And Supervision
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Author : Kenneth Kaoma Mwenda
language : en
Publisher: Universal-Publishers
Release Date : 2002
Banking And Micro Finance Regulation And Supervision written by Kenneth Kaoma Mwenda and has been published by Universal-Publishers this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002 with Business & Economics categories.
This book examines contemporary legal and policy issues facing banking and micro-finance supervision and regulation in Zambia. The book sets out an interdisciplinary exposition of the law. It provides an interface of financial services law and practice. Relevant aspects of business management and economic theory are examined as well. The book attempts to permeate intellectual spheres that have not been explored in depth before. In essence, this is not a simple textbook on the introductory aspects of a particular field of law, as is often the case with many books that have titles such as "Introduction to Business Law" or "Fundamentals of Tort Law", and so forth. By contrast, the book breaks new ground in the area of financial services regulation. Indeed, a law in context approach is presented, giving added value to the field of knowledge in the book.
A Framework For Regulating Microfinance Institutions
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Author : Joselito S. Gallardo
language : en
Publisher:
Release Date : 2002
A Framework For Regulating Microfinance Institutions written by Joselito S. Gallardo and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002 with Financial services industry categories.
How does a country's legal and regulatory framework affect the sustainability of microfinance? Does a tiered approach to regulation help to integrate microfinance into the formal financial system? And are there lessons to be learned from the experience of Ghana and the Philippines with a tiered approach?
The Impact Of Regulations On Microfinance Industry
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Author : Debapratim Purkayastha
language : en
Publisher:
Release Date : 2015
The Impact Of Regulations On Microfinance Industry written by Debapratim Purkayastha and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015 with categories.
Microfinance Institutions (MFI) promise to deliver poverty alleviation while being sustainable. However, in recent years, the idea of microfinance has been questioned. The study of MFIs or their business environment from a strategic management perspective has not been taken up. This is despite the fact that MFIs promise financial inclusion of the bottom-of-the-pyramid segment and, in turn, lead to sustainable development. Moreover, MFIs have to regularly negotiate various tradeoffs, the study of which could be interesting from a strategic perspective. For instance, empirical evidence suggests that MFIs face a tradeoff between profitability (financial sustainability) and outreach (reaching the poorest customers). A study of the ecosystem of MFIs from the strategic perspective would also be of interest to other stakeholders such as donors, investors, banks and government. For instance, subsidies can play an important role to help MFIs serve the poorest segment. Such subsidies may be in the form of donor and government grants, when MFIs have access to capital at below-market interest rates. This has important implications for policy makers as it shows one way where right kind of regulations could help MFIs. On the other hand, the rapid growth of microfinance has brought increasing calls for regulation, but complying with prudential regulations and the associated supervision can be especially costly for MFIs hurting their sustainability. In India, MFIs have been accused of seeking profits at the expense of the poor, attracting stringent regulations that stifled their growth. Regulatory interventions could help the MFIs to scale up and professionalize, or it may simply stifle their development. This paper attempts to approach the issue of regulatory impact on the microfinance industry from a strategic management perspective. The discussion in this paper entails a literature review that shows the importance of the industry and the regulatory effects on a firm; it then looks at some of the tradeoffs faced by MFIs and also looks at the literature on regulations of MFIs. An attempt has been made to identify the gaps in the existing literature and present them in the conclusion.