Microfinance
Nigeria limits state bond holdings; cleans up microfinance
Central Bank of Nigeria places limits on banks’ holding of state government bonds; revokes over a quarter of microfinance licences after serious problems revealed in sector
Core principles mostly apply to micro lenders: Basel Committee
Basel Committee on Banking Supervision issues final report on applying core principles to microfinance providers; tweaks needed on credit risk, capital adequacy and risk management
Microfinance not a silver bullet for Africa: Nigeria, Ghana governors
Nigerian governor Sanusi Lamido Sanusi and Ghanaian chief Kwesi Bekoe Amissah-Arthur say credit issuance is constrained by factors other than just access; requires deeper change
Philippines' Tetangco applauds microfinance steps
Central Bank of the Philippines' governor Amanda Tetangco says banks must embrace micro lending
Microfinance pioneer laments crisis as missed opportunity
Grameen Bank founder Muhammad Yunus says governments passed up chance to change financial model in a way that would have better served the needs of society
RBI’s Chakrabarty pushes for greater funding to India's SMEs
Reserve Bank of India's Kamalesh Chakrabarty discusses long term goals for microfinance in India
Kansas Fed: high creditworthiness of poor in Bangladesh
Kansas Fed paper shows poor individuals more likely to make timely repayments to maintain relationship with bank.
Ndung’u calls for new reforms in MFI scheme
Kenyan governor Ndung’u draws up plans to enhance MFI’s incorporation
Bangladesh’s Rahman welcomes remittance improvements
Bangladesh Bank governor Atiur Rahman says banks, microfinance companies and IT specialists should continue working together to increase access to finance
China moots legalising some private lenders
A director-general of the People’s Bank of China says the central bank is in favour of lifting rate caps and legalising some micro-lenders
Some microfinance rules to mirror banks’: Basel
Basel Committee on Banking Supervision says some of its original principals on effective banking supervision will broadly apply to microfinance with a little tweaking