Panel Discussion on "Regulation of Microfinance"
Tuesday, 10 April 2007, 3 p.m. – 5:30 p.m., Conference Room 7
Due to the expansion of microfinance (MF) through new institutions, downscaling
of services by regulated banks, and transformation of small non-governmental service providers into
major financial institutions, it has been increasingly recognized that MF activities need to be brought under
the financial sector’s regulatory framework. In many countries, this framework is underdeveloped, in others
partially applied. Retail financial institutions are often frustrated by the incompatibility of the
existing regulatory framework with their growth trajectory. The legal, regulatory and supervisory frameworks
are challenged to not only keep up with, but lead the way for the development of inclusive finance. Policy makers
and regulators need to identify the opportunities for inclusion while respecting the fundamental principles
of safeguarding the stability of the financial system and protecting funds deposited in regulated financial
institutions. There is a rich literature on issues and guiding principles of regulation and supervision
of MF. Nevertheless, it is recognized that existing analytical tools do not enable the generation of a set of detailed
regulatory guidelines based on universal principles. Rather, comparative studies have found that countries
take diverse and distinct approaches to addressing the key issues in MF regulation. Many issues remain
unresolved and need to be urgently addressed in a multi-stakeholders environment.
- Project Proposal: Regulation of Microfinance: Access & Sustainability
- Archived Webcast
- Mr. Joselito Gallardo, Counsellor,
Business Outreach Center Network
"Approaches to Regulating Microfinance: a Comparative Analysis"
- Mr. Arnaud Ventura, Vice President, PlaNet
Finance & President & CEO,
"Regulatory Obstacles to Private Sector Investment in Microfinance"
- Mr. Mark Bienstman, Senior Adviser
for Institutional Relations, World Savings
Banks Institute (WSBI)/European Savings Banks Group (ESBG)
"A Level Playing Field for All Microfinance Providers"
- Mr. Richard Weingarten, Executive
Secretary, United Nations Capital
Development Fund (UNCDF)
"Initiatives Supporting the Development of Regulatory Frameworks for
- Mr. Joselito Gallardo, Counsellor, Business Outreach Center Network