slide1 n.
Download
Skip this Video
Loading SlideShow in 5 Seconds..
RESEAU DES CAISSES POPULAIRES DU BURKINA ********************************* Fédération des Caisses Populaires du Burkina PowerPoint Presentation
Download Presentation
RESEAU DES CAISSES POPULAIRES DU BURKINA ********************************* Fédération des Caisses Populaires du Burkina

Loading in 2 Seconds...

play fullscreen
1 / 19

RESEAU DES CAISSES POPULAIRES DU BURKINA ********************************* Fédération des Caisses Populaires du Burkina - PowerPoint PPT Presentation


  • 131 Views
  • Uploaded on

RESEAU DES CAISSES POPULAIRES DU BURKINA ********************************* Fédération des Caisses Populaires du Burkina (F.C.P.B.) Tél.: 50.30.48.41, Fax : 50.30.49.10 ; E-mail : fcpb@fasonet.bf; Adresse :01 BP. 5382 Ouagadougou 01. AFRACA 5 th MICROFINANCE FORUM. THEME :.

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about 'RESEAU DES CAISSES POPULAIRES DU BURKINA ********************************* Fédération des Caisses Populaires du Burkina' - consuelo


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
slide1

RESEAU DES CAISSES POPULAIRES DU BURKINA

*********************************

Fédération des Caisses Populaires du Burkina (F.C.P.B.)

Tél.: 50.30.48.41, Fax : 50.30.49.10 ; E-mail : fcpb@fasonet.bf; Adresse :01 BP. 5382 Ouagadougou 01

AFRACA

5th MICROFINANCE FORUM

THEME :

CONTRIBUTION DES CAISSES POPULAIRES DANS L’ATTEINTE DES OBJECTIFS DU MILLENAIRE

COTONOU, 3 – 4 July 2008

slide2

RESEAU DES CAISSES POPULAIRES DU BURKINA

*********************************

Fédération des Caisses Populaires du Burkina (F.C.P.B.)

Tél.: 50.30.48.41, Fax : 50.30.49.10 ; E-mail : fcpb@fasonet.bf; Adresse :01 BP. 5382 Ouagadougou 01

THEME:

HOW CAN MFI REGULATION AND SUPERVISION WITHIN THE WAEMU SPACE CONTRIBUTE TO THE PROMOTION OF MFIs?

« CASE STUDY OF RCPB»

THEME :

CONTRIBUTION DES CAISSES POPULAIRES DANS L’ATTEINTE DES OBJECTIFS DU MILLENAIRE

AVRIL 2008

outline of the presentation
OUTLINE OF THE PRESENTATION
  • INTRODUCTION
  • REGLULATION AND SUPERVISION WITHIN THE WAEMU SPACE
  • CONTRIBUTION OF THE MECHANISM TO MFIs’ PROMOTION
  • REGULATION AND SUPERVISION IN RCPB
  • CONCLUSION
slide5

The regulation and supervision mechanism is the result of the authorities’ will to:

    • Secure public savings;
    • Make available to the industry a global accounting and data collection framework;
    • Strengthen SFD coordination and monitoring;
    • Build the capacities of MFIs and their control structures;
    • Harmonize and improve management and control practices;
    • Harmonize the accounting framework (Authoritative Accounting);
    • Guarantee financial transparence;
    • Promote expertise and professionalism in the microfinance industry
1 regulation background
1.REGULATION BACKGROUND
  • Before 1994, the SFD (Coopec and development projects initiatives) were governed by the same laws as those applicable to rural cooperatives and placed under the tutelage of the Ministry of Agriculture;
  • From late 93, the adoption of the Parmec law and its implementation in the member states in the form of national laws and framework conventions testify authorities’ will to better organize this sector;
  • April 2007, adoption of a new regulation applicable to SFDs in the WAEMU space
2 supervision background
2. SUPERVISION BACKGROUND
  • First SFDs under the tutelage of the Ministry in charge of Agriculture with consequently poor surveillance of financial aspects
  • Tutelage transfer to the Ministry of Finance with the setting up of a unit in charge of supervision and control
  • Creation of a Microfinance Directorate within the Ministry of Finance
at the institutional level
AT THE INSTITUTIONAL LEVEL
  • Opening to PLC, LTD, Associations
  • Accreditation for all types of MFI
  • Necessity to become member of the Professional Association
  • Extension of operations(Commitment by signature, electronic payment)
  • Tax relief for membership organizations
  • Restriction on the nationality of leaders
at security level and standard
AT SECURITY LEVEL AND STANDARD
  • Putting in place of a deposit guarantee system
  • Establishment of security fund for Networks
  • Minimum capitalization at 10%
  • Limitation of risk on only one member/client (10% to 1%)
at security level and standard continued
AT SECURITY LEVEL AND STANDARD (CONTINUED)
  • Feeding of the general Reserve (30%)
  • Inspection of large networks by the banking commission
  • Requirement to transmit infomation on a quarterly basis
  • Requirement of internal audit for large networks
at the accounting level
AT THE ACCOUNTING LEVEL
  • Harmonization of the accounting data collection framework
  • Recognition of transactions off balance sheet
  • Publication of financial statements
general information on rcpb
GENERAL INFORMATION ON RCPB
  • Network of credit unions structured at 3 levels (Federation, Regional Unions and community cashes);
  • 101 Cashes and 48 customer service outlets;
  • 522 949 Members;
  • 42,4 billion of deposit;
  • 38,8 billion of loan outstanding.
mechanism applicable to rcpb
MECHANISM APPLICABLE TO RCPB
  • RCPB is governed by national and regional laws, and by OHADA treaty
  • External supervision mechanism
    • BCEAO/Banking Commission
    • Microfinance Division (SMS)
    • External Auditors/Statutory Auditors
  • Internal supervision mechanism
    • Top Inspection Directorate
    • Regional unions Technical Services
    • Entity surveillance committee
    • Internal control
    • Information System (quarterly transmission of data)
slide18

CONCLUSION

  • Regulation and supervision contribute to the promotion of MFIs through:
    • Support to risk management;
    • MFIs’ financial base improvement;
    • Control function strengthening;
    • Governance improvement (transparence and reliability)