Background and  Objectives                 Intensive Training Course on the                          Regulatory Tools     ...
Outline and Contents                 • BackgroundBackground and                 • Developing Financial Cooperatives       ...
Background                 • RA 8425 (Social Reform and Poverty                   Alleviation Act) recognizes microfinance...
Background                 • Regulatory Framework for Microfinance calls                   for the need to build the capac...
Developing Financial                    Cooperatives Project                 • Technical Assistance to pursue objectives  ...
Project Objectives                 • To improve the regulatory andBackground and                   supervisory capacity of...
Project Components                 • Component A: Building Capacities of                   Financial CooperativesBackgroun...
Project Components                 • Component B: Strengthening the                   Regulatory Capacity of the CDABackgr...
General Training Objective                 To equip the technical staff of CDABackground and                 with relevant...
Specific Training Objectives                 • Learn and appreciate the                   importance of financial discipli...
Specific Training Objectives                 • Familiarize the CDA on the specific                   roles and responsibil...
Schedule and Program FlowBackground and  Objectives
“TO ACCOMPLISHGREAT THINGS, WE MUST NOT ONLY DREAM, BUT ALSO ACT, NOT ONLYPLAN BUT ALSO BELIEVE”              Anatole France
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Background introduction leveling

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Background introduction leveling

  1. 1. Background and Objectives Intensive Training Course on the Regulatory Tools for Financial Cooperatives
  2. 2. Outline and Contents • BackgroundBackground and • Developing Financial Cooperatives Project Objectives • Gallery Walk • Training Objectives • Schedule and Program Flow
  3. 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. 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. 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. 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. 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. 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. 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. 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. 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. 12. Schedule and Program FlowBackground and Objectives
  13. 13. “TO ACCOMPLISHGREAT THINGS, WE MUST NOT ONLY DREAM, BUT ALSO ACT, NOT ONLYPLAN BUT ALSO BELIEVE” Anatole France

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