Under the BFIA, 2 microbanks were licensed by the BPNG and they continue to expand their branch network and outreach to rural areas and informal sector, which were previously under-banked. To expand this outreach further into the remote rural areas, the PNG-ADB Microfinance Project is piloting linkages of 3 rural groups to the Nationwide Microbank.
It could be the organization responsible for macroprudential policy, but in the words of the UK Treasury, financial regulators usually "pursue risk-based micro-prudential regulation"; that is to say, their concern is with the safety of individual institutions. If the decision is not made the responsibility of the central bank, it will likely end up with an inter-agency committee or with the Treasury.