Day 2 - 16 April 2010
09.00 Co-Chairs’ Opening Remarks
Mathias Adler
Principal Financial Sector Economist
KfW (Germany)
Peter Bereshka
Investment Manager
Incofin (Belgium)
09.10 What Initiatives are Regional Governments Pursuing to Create a Facilitative Regulatory Environment for Commercial Microfinance
Moderator:
Miroslav Krezic
Director of Legal Support and Licencing, Federal Banking Agency
Bosnia and Herzegovina/Nizama Cataldo, Sector for Microcredit (Bosnia and Herzogivina)
Kubanych Abdraimov
CEO
Kompanion Financial Group (Kyrgyzstan)
- What do investors and institutions expect from a supportive legal regime for regional microfinance that is commercially viable?
- Rationale behind prohibitive/restrictive legal systems: arguments vs. commercialisation in the prevailing climate
- Initiatives to create a more investor-friendly environment: what is actually being done?
- How will regulatory agencies and regional governments support MFIs and commercial banks in the region to survive – and thrive-in 2010 and beyond?
10.15 Morning Refreshments
10.30 Social and Financial Ratings: What do Investors Expect?
Moderator:
Daniel Schriber
Director and Head of Investment Analysis
Symbiotics (Switzerland)
Emmanuelle Javoy
Managing Director
PlanetRating (France)
Aldo Moauro
Executive Director
MicroFinanza Rating
- What criteria do rating agencies use when rating MFIs for investors?
- How much consistency is there is ratings within the region given the extent of diversity institution maturity levels?
- What social performance indicators and measures are do investors require?
- What initiatives are in place to combat corruption, money-laundering and improve transparency: are investor expectations being met?
- Are investors receiving the information they require both on social and financial performance?
11.30 Credit Bureaus: As Credit Risk Assessment Becomes A Priority What is Being Done to Make Credit Ratings a Truly Useful Tool?
Béatrice Pradel
Investment Analyst
PlaNIS (France)
Senior Representative
ICF Credit Bureau Advisor (Azerbaijan/Russia)
- What systems and registries are available in the region?
- Assessment of varying regional standards
- Divergence between reality and expectations of transparency, independence and availability of necessary information: comparing standards in CEE/CIS region with credit bureaus in more mature microfinance markets
- Has there been increased support from governments and regional networks for the establishment and efficient functioning of credit desks
12.15 Co-Chairs’ Closing Remarks and End of Conference
12.30 Lunch (for Workshop Attendees)