Improving Credit Information, Bank Regulation, and Supervision: On the Role and Design of Public Credit Registries
The authors analyze how data in public credit registries can be used both to strengthen bank supervision and to improve the quality of credit analysis by financial institutions. Empirical tests using public credit registry (PCR) data were performed in collaboration with the central banks in Argentina, Brazil, and Mexico. The results of the empirical tests confirm the value of the data for credit risk evaluation and provide insights regarding its use in supervision, including in calculations of credit risk for capital and provisioning requirements, or as a check on a bank's internal ratings for the Basel II's internal rating-based approach. The authors also define a set of critical design parameters and use the results to comment on appropriate public registry design. Finally, they discuss the relationship between the different objectives of a PCR and how they influence the registry's design.
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dig-okr-10986141942024-08-08T17:28:25Z Improving Credit Information, Bank Regulation, and Supervision: On the Role and Design of Public Credit Registries Powell, Andrew Mylenko, Nataliya Miller, Margaret Majnoni, Giovanni ACCESS TO INFORMATION ADVERSE SELECTION APPLICATIONS ASYMMETRIC INFORMATION BANK REGULATION BANK SUPERVISION BANKING REGULATION BANKING REGULATIONS BANKING SECTOR BANKING SUPERVISION BANKING SYSTEM BORROWING CENTRAL BANKS COLLATERAL COMMERCIAL CREDIT COMPETITIVENESS CONSUMERS COVERAGE CREDIT CARD COMPANIES CREDIT CARDS CREDIT LINES CREDIT MARKETS CREDIT RISK DEBT DEVALUATION ECONOMIC ANALYSIS ECONOMIC PROBLEMS ECONOMIES OF SCALE ECONOMIES OF SCOPE EMPIRICAL ANALYSIS EMPIRICAL EVIDENCE EMPIRICAL RESEARCH EMPLOYMENT EQUILIBRIUM EXCHANGE RATE EXPOSURE FINANCE COMPANIES FINANCIAL CRISES FINANCIAL DATA FINANCIAL ENTERPRISES FINANCIAL INSTITUTIONS FINANCIAL SECTOR FINANCIAL SERVICES FINANCIAL SYSTEM INCOME INDEBTEDNESS INSURANCE INSURANCE FIRMS INTEREST RATE INTEREST RATES ISSUERS LARGE LOANS EASING LENDING INSTITUTIONS LENDING PATTERNS LOAN SIZE MACROECONOMIC POLICY MARKET POWER MATURITIES MICROFINANCE MONETARY POLICY POLICY DECISIONS PRIVACY PRIVATE COSTS PROBABILITY OF DEFAULT PROBLEM LOANS QUALITY STANDARDS QUANTITATIVE ANALYSIS RECIPROCITY RELATIONSHIP LENDING RETURNS TO SCALE RISK EVALUATION RISK MEASUREMENT SOLVENCY STATISTICAL ANALYSIS SYSTEMIC RISK THEORETICAL MODELS TRANSPARENCY WILLINGNESS TO PAY The authors analyze how data in public credit registries can be used both to strengthen bank supervision and to improve the quality of credit analysis by financial institutions. Empirical tests using public credit registry (PCR) data were performed in collaboration with the central banks in Argentina, Brazil, and Mexico. The results of the empirical tests confirm the value of the data for credit risk evaluation and provide insights regarding its use in supervision, including in calculations of credit risk for capital and provisioning requirements, or as a check on a bank's internal ratings for the Basel II's internal rating-based approach. The authors also define a set of critical design parameters and use the results to comment on appropriate public registry design. Finally, they discuss the relationship between the different objectives of a PCR and how they influence the registry's design. 2013-06-26T15:12:56Z 2013-06-26T15:12:56Z 2004-11 http://documents.worldbank.org/curated/en/2004/11/5509306/improving-credit-information-bank-regulation-supervision-role-design-public-credit-registries https://hdl.handle.net/10986/14194 English en_US Policy Research Working Paper;No.3443 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank application/pdf text/plain World Bank, Washington, D.C. |
| institution |
Banco Mundial |
| collection |
DSpace |
| country |
Estados Unidos |
| countrycode |
US |
| component |
Bibliográfico |
| access |
En linea |
| databasecode |
dig-okr |
| tag |
biblioteca |
| region |
America del Norte |
| libraryname |
Biblioteca del Banco Mundial |
| language |
English en_US |
| topic |
ACCESS TO INFORMATION ADVERSE SELECTION APPLICATIONS ASYMMETRIC INFORMATION BANK REGULATION BANK SUPERVISION BANKING REGULATION BANKING REGULATIONS BANKING SECTOR BANKING SUPERVISION BANKING SYSTEM BORROWING CENTRAL BANKS COLLATERAL COMMERCIAL CREDIT COMPETITIVENESS CONSUMERS COVERAGE CREDIT CARD COMPANIES CREDIT CARDS CREDIT LINES CREDIT MARKETS CREDIT RISK DEBT DEVALUATION ECONOMIC ANALYSIS ECONOMIC PROBLEMS ECONOMIES OF SCALE ECONOMIES OF SCOPE EMPIRICAL ANALYSIS EMPIRICAL EVIDENCE EMPIRICAL RESEARCH EMPLOYMENT EQUILIBRIUM EXCHANGE RATE EXPOSURE FINANCE COMPANIES FINANCIAL CRISES FINANCIAL DATA FINANCIAL ENTERPRISES FINANCIAL INSTITUTIONS FINANCIAL SECTOR FINANCIAL SERVICES FINANCIAL SYSTEM INCOME INDEBTEDNESS INSURANCE INSURANCE FIRMS INTEREST RATE INTEREST RATES ISSUERS LARGE LOANS EASING LENDING INSTITUTIONS LENDING PATTERNS LOAN SIZE MACROECONOMIC POLICY MARKET POWER MATURITIES MICROFINANCE MONETARY POLICY POLICY DECISIONS PRIVACY PRIVATE COSTS PROBABILITY OF DEFAULT PROBLEM LOANS QUALITY STANDARDS QUANTITATIVE ANALYSIS RECIPROCITY RELATIONSHIP LENDING RETURNS TO SCALE RISK EVALUATION RISK MEASUREMENT SOLVENCY STATISTICAL ANALYSIS SYSTEMIC RISK THEORETICAL MODELS TRANSPARENCY WILLINGNESS TO PAY ACCESS TO INFORMATION ADVERSE SELECTION APPLICATIONS ASYMMETRIC INFORMATION BANK REGULATION BANK SUPERVISION BANKING REGULATION BANKING REGULATIONS BANKING SECTOR BANKING SUPERVISION BANKING SYSTEM BORROWING CENTRAL BANKS COLLATERAL COMMERCIAL CREDIT COMPETITIVENESS CONSUMERS COVERAGE CREDIT CARD COMPANIES CREDIT CARDS CREDIT LINES CREDIT MARKETS CREDIT RISK DEBT DEVALUATION ECONOMIC ANALYSIS ECONOMIC PROBLEMS ECONOMIES OF SCALE ECONOMIES OF SCOPE EMPIRICAL ANALYSIS EMPIRICAL EVIDENCE EMPIRICAL RESEARCH EMPLOYMENT EQUILIBRIUM EXCHANGE RATE EXPOSURE FINANCE COMPANIES FINANCIAL CRISES FINANCIAL DATA FINANCIAL ENTERPRISES FINANCIAL INSTITUTIONS FINANCIAL SECTOR FINANCIAL SERVICES FINANCIAL SYSTEM INCOME INDEBTEDNESS INSURANCE INSURANCE FIRMS INTEREST RATE INTEREST RATES ISSUERS LARGE LOANS EASING LENDING INSTITUTIONS LENDING PATTERNS LOAN SIZE MACROECONOMIC POLICY MARKET POWER MATURITIES MICROFINANCE MONETARY POLICY POLICY DECISIONS PRIVACY PRIVATE COSTS PROBABILITY OF DEFAULT PROBLEM LOANS QUALITY STANDARDS QUANTITATIVE ANALYSIS RECIPROCITY RELATIONSHIP LENDING RETURNS TO SCALE RISK EVALUATION RISK MEASUREMENT SOLVENCY STATISTICAL ANALYSIS SYSTEMIC RISK THEORETICAL MODELS TRANSPARENCY WILLINGNESS TO PAY |
| spellingShingle |
ACCESS TO INFORMATION ADVERSE SELECTION APPLICATIONS ASYMMETRIC INFORMATION BANK REGULATION BANK SUPERVISION BANKING REGULATION BANKING REGULATIONS BANKING SECTOR BANKING SUPERVISION BANKING SYSTEM BORROWING CENTRAL BANKS COLLATERAL COMMERCIAL CREDIT COMPETITIVENESS CONSUMERS COVERAGE CREDIT CARD COMPANIES CREDIT CARDS CREDIT LINES CREDIT MARKETS CREDIT RISK DEBT DEVALUATION ECONOMIC ANALYSIS ECONOMIC PROBLEMS ECONOMIES OF SCALE ECONOMIES OF SCOPE EMPIRICAL ANALYSIS EMPIRICAL EVIDENCE EMPIRICAL RESEARCH EMPLOYMENT EQUILIBRIUM EXCHANGE RATE EXPOSURE FINANCE COMPANIES FINANCIAL CRISES FINANCIAL DATA FINANCIAL ENTERPRISES FINANCIAL INSTITUTIONS FINANCIAL SECTOR FINANCIAL SERVICES FINANCIAL SYSTEM INCOME INDEBTEDNESS INSURANCE INSURANCE FIRMS INTEREST RATE INTEREST RATES ISSUERS LARGE LOANS EASING LENDING INSTITUTIONS LENDING PATTERNS LOAN SIZE MACROECONOMIC POLICY MARKET POWER MATURITIES MICROFINANCE MONETARY POLICY POLICY DECISIONS PRIVACY PRIVATE COSTS PROBABILITY OF DEFAULT PROBLEM LOANS QUALITY STANDARDS QUANTITATIVE ANALYSIS RECIPROCITY RELATIONSHIP LENDING RETURNS TO SCALE RISK EVALUATION RISK MEASUREMENT SOLVENCY STATISTICAL ANALYSIS SYSTEMIC RISK THEORETICAL MODELS TRANSPARENCY WILLINGNESS TO PAY ACCESS TO INFORMATION ADVERSE SELECTION APPLICATIONS ASYMMETRIC INFORMATION BANK REGULATION BANK SUPERVISION BANKING REGULATION BANKING REGULATIONS BANKING SECTOR BANKING SUPERVISION BANKING SYSTEM BORROWING CENTRAL BANKS COLLATERAL COMMERCIAL CREDIT COMPETITIVENESS CONSUMERS COVERAGE CREDIT CARD COMPANIES CREDIT CARDS CREDIT LINES CREDIT MARKETS CREDIT RISK DEBT DEVALUATION ECONOMIC ANALYSIS ECONOMIC PROBLEMS ECONOMIES OF SCALE ECONOMIES OF SCOPE EMPIRICAL ANALYSIS EMPIRICAL EVIDENCE EMPIRICAL RESEARCH EMPLOYMENT EQUILIBRIUM EXCHANGE RATE EXPOSURE FINANCE COMPANIES FINANCIAL CRISES FINANCIAL DATA FINANCIAL ENTERPRISES FINANCIAL INSTITUTIONS FINANCIAL SECTOR FINANCIAL SERVICES FINANCIAL SYSTEM INCOME INDEBTEDNESS INSURANCE INSURANCE FIRMS INTEREST RATE INTEREST RATES ISSUERS LARGE LOANS EASING LENDING INSTITUTIONS LENDING PATTERNS LOAN SIZE MACROECONOMIC POLICY MARKET POWER MATURITIES MICROFINANCE MONETARY POLICY POLICY DECISIONS PRIVACY PRIVATE COSTS PROBABILITY OF DEFAULT PROBLEM LOANS QUALITY STANDARDS QUANTITATIVE ANALYSIS RECIPROCITY RELATIONSHIP LENDING RETURNS TO SCALE RISK EVALUATION RISK MEASUREMENT SOLVENCY STATISTICAL ANALYSIS SYSTEMIC RISK THEORETICAL MODELS TRANSPARENCY WILLINGNESS TO PAY Powell, Andrew Mylenko, Nataliya Miller, Margaret Majnoni, Giovanni Improving Credit Information, Bank Regulation, and Supervision: On the Role and Design of Public Credit Registries |
| description |
The authors analyze how data in public
credit registries can be used both to strengthen bank
supervision and to improve the quality of credit analysis by
financial institutions. Empirical tests using public credit
registry (PCR) data were performed in collaboration with the
central banks in Argentina, Brazil, and Mexico. The results
of the empirical tests confirm the value of the data for
credit risk evaluation and provide insights regarding its
use in supervision, including in calculations of credit risk
for capital and provisioning requirements, or as a check on
a bank's internal ratings for the Basel II's
internal rating-based approach. The authors also define a
set of critical design parameters and use the results to
comment on appropriate public registry design. Finally, they
discuss the relationship between the different objectives of
a PCR and how they influence the registry's design. |
| topic_facet |
ACCESS TO INFORMATION ADVERSE SELECTION APPLICATIONS ASYMMETRIC INFORMATION BANK REGULATION BANK SUPERVISION BANKING REGULATION BANKING REGULATIONS BANKING SECTOR BANKING SUPERVISION BANKING SYSTEM BORROWING CENTRAL BANKS COLLATERAL COMMERCIAL CREDIT COMPETITIVENESS CONSUMERS COVERAGE CREDIT CARD COMPANIES CREDIT CARDS CREDIT LINES CREDIT MARKETS CREDIT RISK DEBT DEVALUATION ECONOMIC ANALYSIS ECONOMIC PROBLEMS ECONOMIES OF SCALE ECONOMIES OF SCOPE EMPIRICAL ANALYSIS EMPIRICAL EVIDENCE EMPIRICAL RESEARCH EMPLOYMENT EQUILIBRIUM EXCHANGE RATE EXPOSURE FINANCE COMPANIES FINANCIAL CRISES FINANCIAL DATA FINANCIAL ENTERPRISES FINANCIAL INSTITUTIONS FINANCIAL SECTOR FINANCIAL SERVICES FINANCIAL SYSTEM INCOME INDEBTEDNESS INSURANCE INSURANCE FIRMS INTEREST RATE INTEREST RATES ISSUERS LARGE LOANS EASING LENDING INSTITUTIONS LENDING PATTERNS LOAN SIZE MACROECONOMIC POLICY MARKET POWER MATURITIES MICROFINANCE MONETARY POLICY POLICY DECISIONS PRIVACY PRIVATE COSTS PROBABILITY OF DEFAULT PROBLEM LOANS QUALITY STANDARDS QUANTITATIVE ANALYSIS RECIPROCITY RELATIONSHIP LENDING RETURNS TO SCALE RISK EVALUATION RISK MEASUREMENT SOLVENCY STATISTICAL ANALYSIS SYSTEMIC RISK THEORETICAL MODELS TRANSPARENCY WILLINGNESS TO PAY |
| author |
Powell, Andrew Mylenko, Nataliya Miller, Margaret Majnoni, Giovanni |
| author_facet |
Powell, Andrew Mylenko, Nataliya Miller, Margaret Majnoni, Giovanni |
| author_sort |
Powell, Andrew |
| title |
Improving Credit Information, Bank Regulation, and Supervision: On the Role and Design of Public Credit Registries |
| title_short |
Improving Credit Information, Bank Regulation, and Supervision: On the Role and Design of Public Credit Registries |
| title_full |
Improving Credit Information, Bank Regulation, and Supervision: On the Role and Design of Public Credit Registries |
| title_fullStr |
Improving Credit Information, Bank Regulation, and Supervision: On the Role and Design of Public Credit Registries |
| title_full_unstemmed |
Improving Credit Information, Bank Regulation, and Supervision: On the Role and Design of Public Credit Registries |
| title_sort |
improving credit information, bank regulation, and supervision: on the role and design of public credit registries |
| publisher |
World Bank, Washington, D.C. |
| publishDate |
2004-11 |
| url |
http://documents.worldbank.org/curated/en/2004/11/5509306/improving-credit-information-bank-regulation-supervision-role-design-public-credit-registries https://hdl.handle.net/10986/14194 |
| work_keys_str_mv |
AT powellandrew improvingcreditinformationbankregulationandsupervisionontheroleanddesignofpubliccreditregistries AT mylenkonataliya improvingcreditinformationbankregulationandsupervisionontheroleanddesignofpubliccreditregistries AT millermargaret improvingcreditinformationbankregulationandsupervisionontheroleanddesignofpubliccreditregistries AT majnonigiovanni improvingcreditinformationbankregulationandsupervisionontheroleanddesignofpubliccreditregistries |
| _version_ |
1807154137059557376 |