Development of a Framework and Handbook on Risk-Based Supervision for Cooperatives
(individual freelancer consultants, consortia of individual consultants, and consulting firms are able to apply)
Background
There are over 20,000 registered cooperatives in the Philippines, encompassing a wide range of sizes and services, most notably in the provision of credit to their members. The rapid growth of some cooperatives, both in asset size and membership, introduces increased risks and elevates the need for enhanced internal organization, risk management, and governance. Despite the growth and complexity, adherence to minimum standards remains inconsistent across the board.
The challenge, from a national point of view, lies in addressing the varied needs of the cooperatives, ranging from developmental support for smaller entities to more stringent regulatory requirements for larger ones. To enhance regulatory compliance and ensure the safety of member assets within the cooperative system, regulatory standards need to be refined, and risk-based approaches adopted.
We are seeking a consultant, who can guide a Technical Working Group (TWG) consisting of representatives from the Cooperative Development Authority (CDA) as well as technical resource people from other relevant stakeholders to develop a framework and handbook for risk-based supervision for cooperatives that are engaged in lending.
