Microfinance and Financial Inclusion

This book considers microfinance from a legal perspective. The book describes the unique dimensions of microfinance and the difficulties which this can cause for regulators. The focus is on the European Union framework, with some references to some developing world experiences where relevant. The book assesses the impact and validity of current financial regulation principles and rules, in light of the most recent developments and trends in financial regulation and compares microfinance with traditional banking. The book puts forward policy recommendations for regulators and policy makers to help address the challenges and opportunities offered by microfinance.