Microfinance regulation lessons from Benin, Ghana and Tanzania
The success that microfinance institutions (MFIs) have achieved in making financial services accessible to the poor has spawned initiatives to expand them. Policy responses range from establishing special regulatory niches, adjusting existing regulatory structures, or controlling heretofore unregula...
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| Veröffentlicht in: | Savings and development |
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| Weitere Verfasser: | , , , |
| Format: | UnknownFormat |
| Sprache: | eng |
| Veröffentlicht: |
2005
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Tag hinzufügen | Zusammenfassung: | The success that microfinance institutions (MFIs) have achieved in making financial services accessible to the poor has spawned initiatives to expand them. Policy responses range from establishing special regulatory niches, adjusting existing regulatory structures, or controlling heretofore unregulated MFI activities. This article is based on a review undertaken of microfinance regulation in Benin , Ghana and Tanzania and identifies key issues and lessons about how the overall regulatory framework affects the ability of different types of microfinance institutions to become more integrated with the financial system. Laws to regulate activities other than the 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. It is important to differentiate when prudential supervision is warranted and when non-prudential regulatory oversight will suffice, as well as to clearly identify the agencies to carry out the regulatory tasks. (Sav Dev/DÜI) |
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| ISSN: | 0393-4551 |