For this reason, the BCBS issued a guidance document titled „Credit risk and accounting for expected losses‟ in December 2015. This document contains, among other things, the principles that regulators will expect banks to follow with regard to expected credit loss provisioning.
The conferring of these awards also entitles micro entrepreneurs an opportunity to receive training in business development in order to develop and grow in to “state of the art” micro enterprises. It is universally acknowledged that great opportunities open up if one is well trained and skilled. Entrepreneurs need not necessarily be born, but can be developed through well-conceived and well-directed activities.