General Principles for Credit Reporting

Financial infrastructure broadly defined comprises the underlying foundation for a country's financial system. It includes all institutions, information, technologies, rules and standards that enable financial intermediation. Poor financial infrastructure in many developing countries poses a considerable constraint upon financial institutions to expand their offering of financial services to underserved segments of the population and the economy. It also creates risks which can threaten the stability of the financial system as a whole. This report describes the nature of credit reporting elements which are crucial for understanding credit reporting and to ensuring that credit reporting systems are safe, efficient and reliable. It intends to provide an international agreed framework in the form of international standards for credit reporting systems' policy and oversight. The Principles for credit reporting are deliberately expressed in a general way to ensure that they can be useful in all countries and that they will be durable. These principles are not intended for use as a blueprint for the design or operation of any specific system, but rather suggest the key characteristics that should be satisfied by different systems and the infrastructure used to support them to achieve a stated common purpose, namely expanded access and coverage, fair conditions, and safe and efficient service for borrowers and lenders. Section two provides a brief overview of the market for credit information sharing and credit reporting activities and then analyzes in some detail the key considerations underlying credit reporting. Section three outlines the general principles and related roles. Section four proposes a framework for the effective oversight of credit reporting systems.

Bibliographic Details

Main Author:	World Bank
Language:	English en_US
Published:	Washington, DC 2011-09
Subjects:	ACCESS TO CREDIT, ADMINISTRATION OF JUSTICE, AFFORDABILITY, ARREARS, ASYMMETRIC INFORMATION, AVAILABILITY OF CREDIT, BANKING SUPERVISION, BANKRUPTCIES, BANKS, BARRIERS TO ENTRY, BENEFITS OF CREDIT, BIASES, BILLS OF EXCHANGE, BORROWER, BORROWING, BORROWING COSTS, BORROWINGS, BUSINESS LOANS, BUSINESS TRANSACTION, CAPITAL ADEQUACY, CAPITAL INVESTMENTS, CAPITAL REQUIREMENTS, CENTRAL BANK, CENTRAL BANKS, CHILD SUPPORT, COLLATERAL, COLLATERAL FOR LOANS, COLLATERAL REGISTRIES, COMMERCIAL BANKS, COMMERCIAL CREDIT, COMMERCIAL LENDING, COMMERCIAL TRANSACTIONS, COMPETITIVE CREDIT, COMPETITIVE MARKETS, CONSUMER CREDIT, CONSUMER LENDING, CONSUMER PROTECTION, CONTRACTUAL OBLIGATIONS, CONTRACTUAL RELATIONSHIP, CORRUPTION, CREDIT APPLICATIONS, CREDIT ASSESSMENT, CREDIT BUREAU, CREDIT BUREAUS, CREDIT CAPACITY, CREDIT CARD, CREDIT CARD ISSUERS, CREDIT CARDS, CREDIT CULTURES, CREDIT EXTENSIONS, CREDIT HISTORIES, CREDIT HISTORY, CREDIT INFORMATION, CREDIT INSTITUTIONS, CREDIT LIMITS, CREDIT MARKET, CREDIT MARKETS, CREDIT OFFICER, CREDIT OFFICERS, CREDIT PORTFOLIO, CREDIT PORTFOLIOS, CREDIT PRODUCTS, CREDIT RATING, CREDIT RATING AGENCIES, CREDIT RATINGS, CREDIT RATIONING, CREDIT REGISTRIES, CREDIT REGISTRY, CREDIT REPORT, CREDIT REPORTING, CREDIT REPORTING SYSTEM, CREDIT REPORTING SYSTEMS, CREDIT REPORTS, CREDIT RISK, CREDIT SCORE, CREDIT SCORES, CREDIT SCORING, CREDIT UNDERWRITING, CREDITOR, CREDITORS, CREDITWORTHINESS, DEBT, DEBT COLLECTION, DEBT MATURITY, DEBTOR, DEBTORS, DEBTS, DEVELOPING COUNTRIES, DEVELOPMENT BANKS, DISPUTE RESOLUTION, DOMESTIC CREDIT, DURABLE, ECONOMIC ACTIVITIES, ECONOMIC DEVELOPMENT, ECONOMIC POLICY, ECONOMIES OF SCALE, EMERGING MARKETS, EMPLOYERS, EXTENSION OF CREDIT, FAIR ACCESS, FINANCES, FINANCIAL INFRASTRUCTURE, FINANCIAL INSTITUTION, FINANCIAL INSTITUTIONS, FINANCIAL INTERMEDIARIES, FINANCIAL INTERMEDIATION, FINANCIAL LIBERALIZATION, FINANCIAL MARKET, FINANCIAL MARKET PARTICIPANTS, FINANCIAL MARKETS, FINANCIAL OBLIGATIONS, FINANCIAL PRODUCTS, FINANCIAL REGULATORS, FINANCIAL RESOURCES, FINANCIAL SERVICES, FINANCIAL STABILITY, FINANCIAL STATEMENTS, FINANCIAL STUDIES, FINANCIAL SUPPORT, FINANCIAL SYSTEM, FINANCIAL SYSTEMS, FREE ACCESS, GENDER, GOOD CREDIT, HOLDING, HOME MARKETS, HOUSEHOLDS, HUMAN RIGHTS, INDEBTEDNESS, INFORMATION ASYMMETRIES, INFORMATION ON CREDIT, INFORMATION SHARING, INFRASTRUCTURE DEVELOPMENT, INSTRUMENT, INSURANCE, INSURANCE MARKETS, INTERNATIONAL CREDIT, INTERNATIONAL FINANCE, INTERNATIONAL FINANCIAL INSTITUTIONS, INTERNATIONAL SETTLEMENTS, INTERNATIONAL STANDARD, INVENTORIES, INVESTMENT SPENDING, LEGAL FRAMEWORK, LEGAL OBLIGATION, LENDERS, LENDING DECISION, LEVEL OF DEBT, LIENS, LOAN, LOAN AGREEMENTS, LOAN APPLICATIONS, LOAN DENIALS, LOAN PAYMENT, LOAN PAYMENTS, LOAN PORTFOLIOS, LOAN REQUEST, LOAN VOLUMES, MAINSTREAM CREDIT, MARKET DEVELOPMENT, MARKET FOR CREDIT, MARKET MECHANISM, MARKET PRACTICES, MERCHANT, MFIS, MICROFINANCE, MONETARY FUND, MORAL HAZARD, MORTGAGE, MORTGAGE LOANS, NATIONAL BANK, NEW MARKET, OWNERSHIP STRUCTURE, PARTIAL CREDIT, PAYMENT HISTORY, PAYMENT SYSTEMS, PERSONAL LOANS, PORTFOLIO MANAGEMENT, PORTFOLIO QUALITY, PREJUDICE, PRIVATE CREDIT, PRIVATE CREDIT BUREAU, PRIVATE CREDIT BUREAUS, PRIVATE PROPERTY, PRODUCTIVE INVESTMENT, PROMISSORY NOTES, PROPERTY RIGHTS, PROPRIETORSHIP, PROVISION OF CREDIT, PRUDENTIAL SUPERVISION, PUBLIC CREDIT, PUBLIC POLICY, PUBLIC RECORD, PUBLIC RECORDS, REAL ESTATE, REAL ESTATE REGISTRIES, REGULATORY FRAMEWORK, REGULATORY FRAMEWORKS, REMITTANCES, REPAYMENT, REPAYMENTS, RETURN, RISK MANAGEMENT, SECURITIES, SHAREHOLDER, SMALL BUSINESS, SMALL BUSINESS LENDING, SUPERVISORY AUTHORITIES, SUPERVISORY AUTHORITY, TAX, TAX CODE, TECHNICAL ASSISTANCE, TRADE CREDIT, TRADE CREDITORS, TRADING, TRANSPARENCY, UNION, VEHICLE REGISTRIES, WORKING CAPITAL,
Online Access:	http://documents.worldbank.org/curated/en/2011/09/16426885/general-principles-credit-reporting https://hdl.handle.net/10986/12792
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