Establishing a Sound Credit Reporting System: Perspective from Doing Business
Credit registries and bureaus essential elements of the financial infrastructure enhance access to financial services. By sharing credit information, they help reduce information asymmetries, increase access to credit for small firms, improve borrower discipline, and support bank supervision and credit risk monitoring. This SmartLesson focuses on the Doing Business Getting Credit Credit Information index, which measures rules and practices affecting the coverage, scope, and accessibility of credit information available through a credit registry or bureau.
Summary: | Credit registries and
bureaus essential elements of the financial
infrastructure enhance access to financial
services. By sharing credit information, they help reduce
information asymmetries, increase access to credit for small
firms, improve borrower discipline, and support bank
supervision and credit risk monitoring. This SmartLesson
focuses on the Doing Business Getting Credit Credit
Information index, which measures rules and practices
affecting the coverage, scope, and accessibility of credit
information available through a credit registry or bureau. |
---|