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  • 1. Background and Objectives Intensive Training Course on the Regulatory Tools for Financial Cooperatives
  • 2. Outline and Contents • BackgroundBackground and • Developing Financial Cooperatives Project Objectives • Gallery Walk • Training Objectives • Schedule and Program Flow
  • 3. Background • RA 8425 (Social Reform and Poverty Alleviation Act) recognizes microfinance as the central strategy for poverty reductionBackground and Objectives • National Strategy for Microfinance recognizes cooperatives as one of the main institutions that can deliver microfinancial services to the disadvantages sectors of society • ADB Country Strategy and Program (CSP) 2005 – 2007 identifies the development of microfinance strategies for more rapid poverty reduction
  • 4. Background • Regulatory Framework for Microfinance calls for the need to build the capacity of the CDA to effectively set up an appropriate regulatoryBackground and environment for financial cooperatives Objectives • Information Infrastructure such as Standard Chart of Accounts, Accounting Manual, Performance Standards (COOP-PESOS) and the MORR were established but not sufficient for effective regulation and supervision
  • 5. Developing Financial Cooperatives Project • Technical Assistance to pursue objectives under the Microfinance DevelopmentBackground and Program Agreement of the ADB and the Government Objectives • TA funded by the Japan Fund for Poverty Reduction and administered by the Asian Development Bank • Formalized in 2006 with DOF as executing agency and CDA as implementing entity
  • 6. Project Objectives • To improve the regulatory andBackground and supervisory capacity of CDA and deputized supervisors Objectives • To improve performance of financial cooperatives by building their capacity to comply to CDA regulatory requirements
  • 7. Project Components • Component A: Building Capacities of Financial CooperativesBackground and – Development and standardization of Objectives training modules for officials and personnel of CDA and deputized federations – Development and formulation of supervision and examination manual for CDA regulators and accredited/deputized federations
  • 8. Project Components • Component B: Strengthening the Regulatory Capacity of the CDABackground and – Installation of a management Objectives information system supportive of CDA’s regulatory and supervisory capacity • Provision of software and hardware support to CDA for the effective monitoring of cooperative performance
  • 9. General Training Objective To equip the technical staff of CDABackground and with relevant skills and know-how in Objectives applying regulatory tools in their eventual tasks as regulator/examiner of financial cooperatives
  • 10. Specific Training Objectives • Learn and appreciate the importance of financial disciplineBackground and • Understand the role of regulation and Objectives supervision in ensuring the safe and sound operations of financial cooperatives • Deeper understanding of the provisions of the Manual of Rules and Regulations (MORR) for Savings and Credit Cooperatives
  • 11. Specific Training Objectives • Familiarize the CDA on the specific roles and responsibilities of eachBackground and department/unit Objectives • Understand the concept of risk- based approach to supervision/examination
  • 12. Schedule and Program FlowBackground and Objectives
  • 13. “TO ACCOMPLISHGREAT THINGS, WE MUST NOT ONLY DREAM, BUT ALSO ACT, NOT ONLYPLAN BUT ALSO BELIEVE” Anatole France