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China Online Finance Regulator Tells Unqualified Micro-Lenders to Stop Lending
"Some institutions are not qualified to issue loans but have used false promotion to attract clients, conduct violent debt collection, and charge extremely high interest rates and fees, causing financial risks and social problems in some regions," it said in the letter released on its website.
- Region
- Asia Pacific
- Tags
- regulations
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Kenyan regulator to force collaboration on Safaricom, rivals
The Communications Authority of Kenya (CA) is set to introduce laws to impose mobile money service interoperability in the country after providers failed to deliver the change themselves, The Standard reported.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- fintech, regulations
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To Fight Global Threat of Antibiotic Resistance, WHO Issues First-Ever Guidelines to Curb Use
To address the major and growing global threat that stems from rampant overuse and misuse of antibiotics in agriculture, the World Health Organization (WHO) this week issued its first-ever formal guidelines instructing farmers to stop using so many antimicrobials in healthy livestock.
- Categories
- Health Care
- Tags
- public health, regulations
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Inter-American Development Bank Grants Colombia $450 Million USD Loan for Financial System Reforms
According to the IDB, the proposed reforms will aim to solidify macroeconomic stability, boost development, encourage public/private partnership financing, strengthen regulation of the financial system, promote financial inclusion, and heighten the country’s ability to monitor progress in these areas.
- Categories
- Uncategorized
- Region
- Latin America
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Safaricom sees lingering break-up threat
Safaricom is still facing the threat of being broken up as the Kenyan regulator weighs up a report on dominance in the country’s telecommunications industry, CEO Bob Collymore said. East Africa’s biggest company by market value may resort to court action to prevent it from being split, Collymore, 59, said in an interview Wednesday in the capital, Nairobi
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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The real promise of regulatory technology in financial inclusion
Financial authorities could someday run digitally, but getting there is not going to be easy. In many countries, regulators today often use fax machines, let alone cloud-based software and analytics. And yet, the future of the financial sector depends on modernizing regulatory authorities.
- Categories
- Uncategorized
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‘Like Using a Wall to Stop a Runaway Bus’: Cambodian Microcredit is Overheated, But Rate Caps Aren’t the Answer
Daniel Rozas says a proposed interest rate cap of 18 percent on most new microloans in Cambodia will, if enforced, hurt the very people it ostensibly seeks to protect. Taking issue with a recent post by Milford Bateman, Rozas argues the cap would create a clear preference for certain types of lending and could heighten problems created by Cambodia's saturated microcredit market.
- Categories
- Uncategorized
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Demonetization brought out the best in Indian microfinance clients
Five months after demonetization, the uncertainty has started to fade.
- Categories
- Uncategorized
- Region
- South Asia
- Tags
- microfinance, regulations