Credit Reporting Knowledge Guide 2019

Credit Reporting Knowledge Guide 2019

Access to finance is an essential component of economic development and job creation. A host of studies have shown a positive correlation between financial development and economic growth. Access to finance is also critical for larger corporations...

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Bibliographic Details
Main Author: World Bank Group
Format: Report
Language:English
Published: World Bank, Washington, DC 2019
Subjects:
CREDIT REPORTING SYSTEM
CREDIT BUREAU
ACCESS TO FINANCE
CREDIT REPORTING SERVICE
FINANCIAL SERVICES
REGULATION
CREDIT RATING AGENCY
RISK MANAGEMENT
DEFAULT RISK
CONSUMER PROTECTION
Online Access:http://documents.worldbank.org/curated/en/262691559115855583/Credit-Reporting-Knowledge-Guide-2019
http://hdl.handle.net/10986/31806
id okr-10986-31806
recordtype oai_dc
spelling okr-10986-318062021-05-25T09:24:22Z Credit Reporting Knowledge Guide 2019 World Bank Group CREDIT REPORTING SYSTEM CREDIT BUREAU ACCESS TO FINANCE CREDIT REPORTING SERVICE FINANCIAL SERVICES REGULATION CREDIT RATING AGENCY RISK MANAGEMENT DEFAULT RISK CONSUMER PROTECTION Access to finance is an essential component of economic development and job creation. A host of studies have shown a positive correlation between financial development and economic growth. Access to finance is also critical for larger corporations and conglomerates, which, given their size, performance, and assets, typically meet funding requirements through capital markets and other sources. Credit reporting systems are less relevant for these businesses, as lenders to these large entities rely on a variety of other sources of information when making credit-related decisions. This Guide focuses therefore more on the credit needs of individuals and of the micro, small, and medium businesses that stand to benefit most from the development of credit reporting systems. The report is arranged as follows: Chapter 1 introduces key concepts in credit reporting; Chapter 2 introduces the different types of credit reporting service providers (CRSPs) that collect information on borrowers’ credit histories from creditors and available public sources; Chapter 3 covers the evolution of the credit reporting industry to today, including key trends now emerging and external trends affecting its development; Chapter 4 outlines the legal and regulatory framework options for credit reporting systems; Chapter 5 summarizes the World Bank Group’s fifteen plus years of experience in developing credit bureaus and credit registries around the world; Chapter 6 presents an overview of the value-added services typically offered by established credit bureaus through the repurposing of algorithms and data and the products and services offered by commercial credit reporting companies; and Chapter 7 rounds out the theoretical discussions and practical guidelines with nine case studies of recent developments in credit reporting spanning the globe. 2019-06-06T20:33:09Z 2019-06-06T20:33:09Z 2019 Report http://documents.worldbank.org/curated/en/262691559115855583/Credit-Reporting-Knowledge-Guide-2019 http://hdl.handle.net/10986/31806 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work Economic & Sector Work :: Other Financial Sector Study Central Asia Guyana India Italy Jamaica
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
topic CREDIT REPORTING SYSTEM
CREDIT BUREAU
ACCESS TO FINANCE
CREDIT REPORTING SERVICE
FINANCIAL SERVICES
REGULATION
CREDIT RATING AGENCY
RISK MANAGEMENT
DEFAULT RISK
CONSUMER PROTECTION
spellingShingle CREDIT REPORTING SYSTEM
CREDIT BUREAU
ACCESS TO FINANCE
CREDIT REPORTING SERVICE
FINANCIAL SERVICES
REGULATION
CREDIT RATING AGENCY
RISK MANAGEMENT
DEFAULT RISK
CONSUMER PROTECTION
World Bank Group
Credit Reporting Knowledge Guide 2019
geographic_facet Central Asia
Guyana
India
Italy
Jamaica
description Access to finance is an essential component of economic development and job creation. A host of studies have shown a positive correlation between financial development and economic growth. Access to finance is also critical for larger corporations and conglomerates, which, given their size, performance, and assets, typically meet funding requirements through capital markets and other sources. Credit reporting systems are less relevant for these businesses, as lenders to these large entities rely on a variety of other sources of information when making credit-related decisions. This Guide focuses therefore more on the credit needs of individuals and of the micro, small, and medium businesses that stand to benefit most from the development of credit reporting systems. The report is arranged as follows: Chapter 1 introduces key concepts in credit reporting; Chapter 2 introduces the different types of credit reporting service providers (CRSPs) that collect information on borrowers’ credit histories from creditors and available public sources; Chapter 3 covers the evolution of the credit reporting industry to today, including key trends now emerging and external trends affecting its development; Chapter 4 outlines the legal and regulatory framework options for credit reporting systems; Chapter 5 summarizes the World Bank Group’s fifteen plus years of experience in developing credit bureaus and credit registries around the world; Chapter 6 presents an overview of the value-added services typically offered by established credit bureaus through the repurposing of algorithms and data and the products and services offered by commercial credit reporting companies; and Chapter 7 rounds out the theoretical discussions and practical guidelines with nine case studies of recent developments in credit reporting spanning the globe.
format Report
author World Bank Group
author_facet World Bank Group
author_sort World Bank Group
title Credit Reporting Knowledge Guide 2019
title_short Credit Reporting Knowledge Guide 2019
title_full Credit Reporting Knowledge Guide 2019
title_fullStr Credit Reporting Knowledge Guide 2019
title_full_unstemmed Credit Reporting Knowledge Guide 2019
title_sort credit reporting knowledge guide 2019
publisher World Bank, Washington, DC
publishDate 2019
url http://documents.worldbank.org/curated/en/262691559115855583/Credit-Reporting-Knowledge-Guide-2019
http://hdl.handle.net/10986/31806
_version_ 1764475112908652544

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