Core principles mostly apply to micro lenders: Basel Committee
The Basel Committee on Banking Supervision on Monday released its finalised report on applying the Basel core principles to microfinance firms.
"[Given] the unique characteristics of microfinance and the range of practices on regulating and supervising this line of business, the guidance will assist supervisors in applying the core principles in a manner that is commensurate with the type, complexity and size of depository microfinance activities conducted in their jurisdictions," said Nout
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