7  The FSOC staff with the regulatory agencies also have been assessing whether other financial institutions, such as insurance companies and pension funds, may be susceptible to a large spike in interest rates. BIS central bankers’ speeches  5  applied to all market actors engaged in the covered activities, not just prudentially regulated firms.
Microfinance involves the provision of diversified financial services and products to the un-banked and underserved segments of the population by different financial service providers, mainly to the low-income households and micro enterprises. Microfinance plays a vital role in poverty alleviation in empowering the underserved and un-banked economically active and underprivileged social constituencies in contributing more effectively to wealth creation and economic development.