La réglementation prudentielle dans les systèmes financiers décentralisés

The Benin financial system is multi compartments. In this system, the classical banks have excluded from their funding objectives the activities concerning small, medium and micro-sized enterprises that are forced to resort to the microfinance institutions. The scale of this phenomenon has led to a tremendous increase of decentralised financing activities to the extent that monetary authorities have had to put up a regulatory framework. The analysis of the results of these regulations shows that despite the non respect of some ?prudential ratios? by these institutions (PAPME and PADME), their financial and organizational performance has not been adversely affected. In view of the very strong correlation between the sustainability and the profitability of these institutions, the strategy recommended would rather consist in removing the framing of the lending rates, in order to make these neighbourhood credit institutions more profitable.