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BCBS Statement: Microfinance activities and the Core Principles – Basel Committee issues final paper

( August 30, 2010, 16:43 GMT | Official Statement) -- MLex Summary: Global banking standard-setters issued tailored guidelines for microfinance, aiming to ensure adequate oversight proportionate to the risks involved in the business of making small loans.The Basel Committee on Banking Supervision today issued the final version of its paper entitled Microfinance activities and the Core Principles for Effective Banking Supervision. The Basel Core Principles for Effective Banking Supervision (the Core Principles) are the global de facto standard for sound prudential regulation and supervision of banks....

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