Download now Free registration required
This paper compares the regulatory framework of the Micro Finance Institutions (MFIs) in Asia. The authors find formal MFIs are generally regulated under the banking legislation and supervised by central banks. In contrast, semiformal institutions like NGO-MFIs are regulated by either an apex organization or other government body. Informal MFIs are not regulated but some are of sufficient size to become NGO-MFIs or even banks. The formal MFI regulation seems effective but the internal controls, governance and ownership structure are disappointing for NGO-MFIs, and of course for the informal MFIs.
- Format: PDF
- Size: 226.4 KB