Regulatory Framework and Supervisory Authorities in Microcredit Sector. A Comparative Analysis

We analyse the regulatory framework and the supervisory authorities in the microcredit sector in each country. In fact, according to the logic scheme used, the analysis of each country kicked off with the investigation area dedicated to the Regulatory Framework and Supervisory Authority in the Microcredit Sector, as it undoubtedly influences the legal and institutional layout of microcredit programmes and defines both the scope of operation and the technical and legal characteristics of the mitigation tools provided. In fact, the microcredit/microfinance system requires a legislative and normative framework, which corresponds to the State legislative power, where an interaction and cooperation process between the public, financial and business sectors should take place. Chapter 2 ends with a comparative analysis of the microfinance/microcredit regulatory frameworks in the selected countries.