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The Role of Credit Reporting in Supporting Financial Sector Regulation and Supervision

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People at a bank.
The Role of Credit Reporting in Supporting Financial Sector Regulation and Supervision

The International Committee for Credit Reporting (ICCR) is inviting stakeholders to comment on a draft report on how credit reporting systems can effectively support financial sector regulation and supervision.

Overview

In September 2011, the General Principles for Credit Reporting were issued by the World Bank and produced under its guidance by an international task force composed by central banks, other economic authorities, multilateral organizations, consumer/data protection authorities and credit reporting industry associations. In March 2013, the Task Force agreed to continue working on the policy implications related to the implementation of the General Principles for Credit Reporting and was transformed into a permanent committee, the International Committee for Credit Reporting (ICCR).

At its meetings in Washington and Berlin in May and October 2014, respectively, the ICCR agreed that more light should be shed on the role that credit reporting plays in promoting financial stability through the provision of credit data for financial sector micro- and macro-prudential supervisory and regulatory activities.

In this context, the ICCR has produced this report, which discusses how credit reporting systems can support financial sector regulation and supervision in an effective manner.

The draft report is now being released for public comment.

While comments are welcome on any aspect of the report, the ICCR is especially interested in receiving feedback on whether the draft report covers all relevant issues in this field. The ICCR would also be interested in additional examples of how credit reporting data is being used for financial sector supervisory and regulatory purposes in specific jurisdictions.

Details
Consultation Phase:
Closed
Timeframe:
September 01, 2015 to November 02, 2015
credit_reporting_in_financial_regulation_and_supervision-for_public_consultation.docx (DOCX 238.99 KB)
Consultation Process

The International Committee for Credit Reporting (ICCR) welcomes comments on all aspects of this consultative draft, but is especially interested in receiving feedback on whether the document covers all relevant issues.

Comments should be provided by November 2, 2015.

How to comment:

  • Comment directly on this web page. All comments published in this consultations space will be made public, unless a respondent specifically requests confidentiality. OR
  • E-mail your comments directly Jose Antonio Garcia or Fredes Montes
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