Our Approach
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“CGAP's policy work focuses on building favorable policy and regulatory frameworks for financial service providers serving the billions of poor people worldwide who lack access to safe, appropriate and affordable financial services.” Tim Lyman, Team Leader, Government and Policy.
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In 2008, Mexico joined a group of countries that permit and regulate branchless banking. However, a debate over regulatory details could temper outreach to clients.
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Law Library
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Increasingly, banking regulators and supervisors, MFIs, national microfinance networks, and other stakeholders are seeking to understand the optimal mix of regulation and supervision for microfinance. The Law Library addresses that need by disseminating information on world-wide experiences in regulating and supervising microfinance.
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Policy Developments From Around The World
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Regulating Branchless Banking
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Branchless banking uses retail agents and new technologies (such as mobile phones) to provide financial services to the unbanked and underserved in a cost-effective manner.
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Consumer Protection
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As the range of financial products and service providers grows, the challenge will be to ensure that clients can make informed choices, products are designed to work for both the user and the provider, and mutual rights and obligations are understood and respected.
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Regulation & Supervision
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Many developing countries and countries with transitional economies are considering whether and how to regulate microfinance. Experts do not agree on all points but there is a surprisingly wide area of consensus.
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Role of Government
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Governments can play different roles in answering the needs of poor underserved clients. Known as the “3 Ps”, these roles include provider of financial services; promoter of improved financial service access and quality; and protector of financial consumers.
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