This session will review the main developments in the microfinance market since legislative requirements for self-regulation came into force. Prospects for further improvement, as well as the possibility for self-regulatory organisations (SROs) to play a bigger role in the process of monitoring and oversight will be covered.
Aspects related to shaping the monitoring environment will also come under discussion. Topics will include providing the necessary methods and instruments of monitoring for SROs, and implementing measures to improve the quality of work done by SROs.
Participants will examine the benefits of regulation based on key standards, and the flexible and prompt regulatory impact it would have on microfinance institutions. They will have the opportunity to find out how applying these standards has affected microfinance market participants, particularly with regard to financial stability. The topics of misconduct and preventing unfair practices will also come under discussion.
Doing Business 2019 is the 16th in a series of annual reports by the World Bank Group investigating the regulations affecting 11 areas of the life of a business that enhance business activity and those that constrain it. The study covers 190 economies.
Expert RA, a leading Russian credit rating agency, has published an analysis of the SME loan market in Russia and main drivers of SME lending growth, with possible scenarios for development of the SME finance market.