Standards and the global framework. The BIS as host of standard setting bodies. Legal impact of standards.

The note summarizes the rules and regulations set by Microcredit Regulatory Authority (MRA) in Bangladesh. It also provides the reader with idea of how these rules might take effect.

Text presented at the 19ª Asamblea Anual del Grupo Regional de América Latina y el Caribe (GRULAC), of the World Savings Banks Institute, La Habana, Cuba, 4-5 November 2013. It mentions some of the more recent international reform initiatives in particular those linked to the Basel Committee...