Improving microfinance sector regulation tools

The article is devoted to the analysis of the processes associated with the transformation of the tools of regulation of the microfinance sector amidst uncertainty caused by the impact of external and internal factors in the process of digital transformation. The microfinance sector has a special social role, providing temporary income gaps for individuals and financial support to small and medium-sized businesses. The institutional structure of this sector and the specifics of the funding process determine the need to adapt to it the new regulatory instruments used and applied by the Bank of Russia. Disclosure of the microfinance sector risks allows to determine that the regulatory activities of the Central Bank of the Russian Federation are aimed at consolidating the sector, providing the redistribution of clients, who have left the market, between more stable organizations. Microfinance organizations that are unable to adapt to the conditions of increasing competition are forced to leave the market.

of micro-credit organization funding, microfinance organization risks, macroprudential limits, microfinance sector concentration