Public Credit Registries as a Tool for Bank Regulation and Supervision
This paper is about the importance of the information in Public Credit Registries (PCRs) for supporting and improving banking sector regulation and supervision, particularly in the light of the new approach embodied in Basel III. Against the backdr...
| Main Authors: | , |
|---|---|
| Format: | Policy Research Working Paper |
| Language: | English |
| Published: |
2012
|
| Subjects: | |
| Online Access: | http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20101201132222 http://hdl.handle.net/10986/3972 |
| id |
okr-10986-3972 |
|---|---|
| recordtype |
oai_dc |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
ACCESS TO CREDIT ACCESS TO FINANCE ACCOUNTING ADVERSE SELECTION AMORTIZATIONS AMOUNT OF CREDITS ARBITRAGE ASSET BACKED SECURITIES ASSET QUALITY ASYMMETRIC INFORMATION AVAILABILITY OF CREDIT BACKED SECURITIES BACKED SECURITY BALANCE SHEET BANK BORROWERS BANK CAPITAL BANK CREDIT BANK CREDIT CARDS BANK CREDITORS BANK EXPOSURE BANK FAILURES BANK FOR INTERNATIONAL SETTLEMENTS BANK LOAN BANK LOANS BANK MONITORING BANK OF ENGLAND BANK OF SPAIN BANK PORTFOLIO BANK PORTFOLIOS BANK REGULATION BANK RUNS BANK SOLVENCY BANK SUPERVISION BANKING CRISIS BANKING INDUSTRY BANKING SECTOR BANKING SUPERVISION BANKING SYSTEM BANKING SYSTEMS BANKS BORROWER BORROWING BUDGETING BUSINESS ACTIVITY BUSINESS CYCLE CAPITAL ADEQUACY CAPITAL REQUIREMENT CAPITAL REQUIREMENTS CAPITAL STANDARDS CASH FLOW CENTRAL BANK CENTRAL BANKING CENTRAL BANKS COLLATERAL COLLATERAL REGISTRIES COLLATERALS COMMERCIAL PAPERS CONNECTED LENDING CONSUMER PROTECTION CREDIT BUREAU CREDIT BUREAUS CREDIT COOPERATIVES CREDIT CULTURE CREDIT DECISIONS CREDIT DERIVATIVES CREDIT GROWTH CREDIT INFORMATION CREDIT LINES CREDIT LOSS CREDIT MARKET CREDIT MARKETS CREDIT POLICIES CREDIT PORTFOLIO CREDIT PROVIDERS CREDIT QUALITY CREDIT RATING CREDIT RATING AGENCIES CREDIT REGISTRIES CREDIT REGISTRY CREDIT REPORTING CREDIT REPORTING SYSTEMS CREDIT REPORTS CREDIT RISK CREDIT RISK EXPOSURE CREDIT RISK MANAGEMENT CREDIT SCORING CREDIT SCORING MODELS CREDIT SUPERVISION CREDIT SYSTEM CREDITOR CREDITORS CREDITS CREDITWORTHINESS CURRENCY CURRENCY RISK DEBT DEBT OBLIGATION DEBT OBLIGATIONS DEFAULT RATE DEFAULT RISK DELINQUENCY RATE DELINQUENCY RATES DEPOSITORS DEPOSITS DERIVATIVE DEVELOPMENT BANK EARNINGS ECONOMIC GROWTH ECONOMIC POLICY ECONOMIC RISK ECONOMICS EMERGING MARKETS EXTERNALITIES FAMILIES FEDERAL RESERVE FEDERAL RESERVE SYSTEM FINANCIAL COLLATERAL FINANCIAL CRISES FINANCIAL CRISIS FINANCIAL DISTRESS FINANCIAL INNOVATION FINANCIAL INNOVATIONS FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIARIES FINANCIAL MARKETS FINANCIAL PERFORMANCE FINANCIAL PRODUCTS FINANCIAL RATIO FINANCIAL REGULATION FINANCIAL SERVICES FINANCIAL STABILITY FINANCIAL STRESS FINANCIAL SYSTEM FINANCIAL SYSTEMS FORMS OF CREDIT GUARANTOR GUARANTORS HOUSEHOLDS HOUSING ID INDEBTEDNESS INFORMATION ON BORROWERS INFORMATION REQUIREMENTS INFORMATION SHARING INTEREST RATE INTEREST RATES INTERNATIONAL BANK INTERNATIONAL BANKING INTERNATIONAL CAPITAL INTERNATIONAL FINANCIAL INSTITUTIONS LENDERS LENDING POLICIES LINES OF CREDIT LIQUIDITY LOAN LOAN DATA LOAN DEFAULT LOAN LOSS PROVISIONS LOAN PORTFOLIO LOAN PORTFOLIO QUALITY LOAN PORTFOLIOS LOAN REPAYMENT MACROECONOMIC STABILITY MACROECONOMIC VARIABLES MARKET RISK MATURITIES MATURITY MICROCREDIT MICROFINANCE MICROFINANCE INSTITUTIONS MINIMUM CAPITAL REQUIREMENTS MORAL HAZARD MORTGAGE OPERATIONAL RISK OUTPUT LOSSES OUTSTANDING DEBT PAYMENT SYSTEMS PORTFOLIO MANAGEMENT PRESENT VALUE PRIVATE CREDIT PROBABILITY OF DEFAULT PROBLEM BANKS PROBLEM LOANS PRUDENTIAL REGULATION PUBLIC CREDIT PUBLIC POLICY RATING AGENCIES RATING SYSTEMS REAL ESTATE REAL SECTOR REGULATORY FRAMEWORK REGULATORY FRAMEWORKS REGULATORY OVERSIGHT REGULATORY POLICY REGULATORY REPORTS RELATIONSHIP BANKING REPAYMENT REPAYMENT CAPACITY RESERVES RESIDENTIAL MORTGAGES RETURNS RISK MANAGEMENT POLICIES RISK MANAGEMENT TOOLS RISK MEASUREMENT RISK MITIGATION RISK OF BANK FAILURE RISK PROFILE RISK TAKING RISK WEIGHTED ASSETS SAVINGS SECURITIZATION SOLVENCY STOCKS SUBSIDIARY SUPERVISORY AUTHORITIES SUPERVISORY FRAMEWORK TERM CREDITS TRADING TRANCHES TRANSPARENCY UNDERWRITERS UNEMPLOYMENT VALUATIONS |
| spellingShingle |
ACCESS TO CREDIT ACCESS TO FINANCE ACCOUNTING ADVERSE SELECTION AMORTIZATIONS AMOUNT OF CREDITS ARBITRAGE ASSET BACKED SECURITIES ASSET QUALITY ASYMMETRIC INFORMATION AVAILABILITY OF CREDIT BACKED SECURITIES BACKED SECURITY BALANCE SHEET BANK BORROWERS BANK CAPITAL BANK CREDIT BANK CREDIT CARDS BANK CREDITORS BANK EXPOSURE BANK FAILURES BANK FOR INTERNATIONAL SETTLEMENTS BANK LOAN BANK LOANS BANK MONITORING BANK OF ENGLAND BANK OF SPAIN BANK PORTFOLIO BANK PORTFOLIOS BANK REGULATION BANK RUNS BANK SOLVENCY BANK SUPERVISION BANKING CRISIS BANKING INDUSTRY BANKING SECTOR BANKING SUPERVISION BANKING SYSTEM BANKING SYSTEMS BANKS BORROWER BORROWING BUDGETING BUSINESS ACTIVITY BUSINESS CYCLE CAPITAL ADEQUACY CAPITAL REQUIREMENT CAPITAL REQUIREMENTS CAPITAL STANDARDS CASH FLOW CENTRAL BANK CENTRAL BANKING CENTRAL BANKS COLLATERAL COLLATERAL REGISTRIES COLLATERALS COMMERCIAL PAPERS CONNECTED LENDING CONSUMER PROTECTION CREDIT BUREAU CREDIT BUREAUS CREDIT COOPERATIVES CREDIT CULTURE CREDIT DECISIONS CREDIT DERIVATIVES CREDIT GROWTH CREDIT INFORMATION CREDIT LINES CREDIT LOSS CREDIT MARKET CREDIT MARKETS CREDIT POLICIES CREDIT PORTFOLIO CREDIT PROVIDERS CREDIT QUALITY CREDIT RATING CREDIT RATING AGENCIES CREDIT REGISTRIES CREDIT REGISTRY CREDIT REPORTING CREDIT REPORTING SYSTEMS CREDIT REPORTS CREDIT RISK CREDIT RISK EXPOSURE CREDIT RISK MANAGEMENT CREDIT SCORING CREDIT SCORING MODELS CREDIT SUPERVISION CREDIT SYSTEM CREDITOR CREDITORS CREDITS CREDITWORTHINESS CURRENCY CURRENCY RISK DEBT DEBT OBLIGATION DEBT OBLIGATIONS DEFAULT RATE DEFAULT RISK DELINQUENCY RATE DELINQUENCY RATES DEPOSITORS DEPOSITS DERIVATIVE DEVELOPMENT BANK EARNINGS ECONOMIC GROWTH ECONOMIC POLICY ECONOMIC RISK ECONOMICS EMERGING MARKETS EXTERNALITIES FAMILIES FEDERAL RESERVE FEDERAL RESERVE SYSTEM FINANCIAL COLLATERAL FINANCIAL CRISES FINANCIAL CRISIS FINANCIAL DISTRESS FINANCIAL INNOVATION FINANCIAL INNOVATIONS FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIARIES FINANCIAL MARKETS FINANCIAL PERFORMANCE FINANCIAL PRODUCTS FINANCIAL RATIO FINANCIAL REGULATION FINANCIAL SERVICES FINANCIAL STABILITY FINANCIAL STRESS FINANCIAL SYSTEM FINANCIAL SYSTEMS FORMS OF CREDIT GUARANTOR GUARANTORS HOUSEHOLDS HOUSING ID INDEBTEDNESS INFORMATION ON BORROWERS INFORMATION REQUIREMENTS INFORMATION SHARING INTEREST RATE INTEREST RATES INTERNATIONAL BANK INTERNATIONAL BANKING INTERNATIONAL CAPITAL INTERNATIONAL FINANCIAL INSTITUTIONS LENDERS LENDING POLICIES LINES OF CREDIT LIQUIDITY LOAN LOAN DATA LOAN DEFAULT LOAN LOSS PROVISIONS LOAN PORTFOLIO LOAN PORTFOLIO QUALITY LOAN PORTFOLIOS LOAN REPAYMENT MACROECONOMIC STABILITY MACROECONOMIC VARIABLES MARKET RISK MATURITIES MATURITY MICROCREDIT MICROFINANCE MICROFINANCE INSTITUTIONS MINIMUM CAPITAL REQUIREMENTS MORAL HAZARD MORTGAGE OPERATIONAL RISK OUTPUT LOSSES OUTSTANDING DEBT PAYMENT SYSTEMS PORTFOLIO MANAGEMENT PRESENT VALUE PRIVATE CREDIT PROBABILITY OF DEFAULT PROBLEM BANKS PROBLEM LOANS PRUDENTIAL REGULATION PUBLIC CREDIT PUBLIC POLICY RATING AGENCIES RATING SYSTEMS REAL ESTATE REAL SECTOR REGULATORY FRAMEWORK REGULATORY FRAMEWORKS REGULATORY OVERSIGHT REGULATORY POLICY REGULATORY REPORTS RELATIONSHIP BANKING REPAYMENT REPAYMENT CAPACITY RESERVES RESIDENTIAL MORTGAGES RETURNS RISK MANAGEMENT POLICIES RISK MANAGEMENT TOOLS RISK MEASUREMENT RISK MITIGATION RISK OF BANK FAILURE RISK PROFILE RISK TAKING RISK WEIGHTED ASSETS SAVINGS SECURITIZATION SOLVENCY STOCKS SUBSIDIARY SUPERVISORY AUTHORITIES SUPERVISORY FRAMEWORK TERM CREDITS TRADING TRANCHES TRANSPARENCY UNDERWRITERS UNEMPLOYMENT VALUATIONS Girault, Matias Gutierrez Hwang, Jane Public Credit Registries as a Tool for Bank Regulation and Supervision |
| geographic_facet |
The World Region The World Region |
| relation |
Policy Research working paper ; no. WPS 5489 |
| description |
This paper is about the importance of
the information in Public Credit Registries (PCRs) for
supporting and improving banking sector regulation and
supervision, particularly in the light of the new approach
embodied in Basel III. Against the backdrop of the financial
crisis and the existence of information data gaps, the
importance of complete, accurate and timely credit
information in the financial system is evident. Both in
normal times and during crises, authorities need a device
that allows them to look at the universe of credits in a
detailed and readily way. And more importantly, they need to
develop tools that exploit as much as possible the
information therein contained. PCR databases contain
individual credit information on borrowers and their credits
which makes it possible to implement advanced techniques
that measure banks' credit risk exposure. It allows
optimizing the prudential regulation ensuring that
provisioning and capital requirements are properly
calibrated to cover expected and unexpected losses
respectively. It also permits validating banks'
internal rating systems, performing stress tests and
informing macroprudential surveillance. In this respect, it
is envisioned that the existence of a PCR will be a key
factor to enhance the supervision and regulation of the
financial system. Furthermore, the extent, accuracy and
availability of the information collected by the authorities
will determine the usefulness of the PCR as part of their
toolkit to monitor the potential vulnerabilities not only on
a microprudential level, but also on a macroprudential one. |
| format |
Publications & Research :: Policy Research Working Paper |
| author |
Girault, Matias Gutierrez Hwang, Jane |
| author_facet |
Girault, Matias Gutierrez Hwang, Jane |
| author_sort |
Girault, Matias Gutierrez |
| title |
Public Credit Registries as a Tool for Bank Regulation and Supervision |
| title_short |
Public Credit Registries as a Tool for Bank Regulation and Supervision |
| title_full |
Public Credit Registries as a Tool for Bank Regulation and Supervision |
| title_fullStr |
Public Credit Registries as a Tool for Bank Regulation and Supervision |
| title_full_unstemmed |
Public Credit Registries as a Tool for Bank Regulation and Supervision |
| title_sort |
public credit registries as a tool for bank regulation and supervision |
| publishDate |
2012 |
| url |
http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20101201132222 http://hdl.handle.net/10986/3972 |
| _version_ |
1764389282371338240 |
| spelling |
okr-10986-39722021-04-23T14:02:14Z Public Credit Registries as a Tool for Bank Regulation and Supervision Girault, Matias Gutierrez Hwang, Jane ACCESS TO CREDIT ACCESS TO FINANCE ACCOUNTING ADVERSE SELECTION AMORTIZATIONS AMOUNT OF CREDITS ARBITRAGE ASSET BACKED SECURITIES ASSET QUALITY ASYMMETRIC INFORMATION AVAILABILITY OF CREDIT BACKED SECURITIES BACKED SECURITY BALANCE SHEET BANK BORROWERS BANK CAPITAL BANK CREDIT BANK CREDIT CARDS BANK CREDITORS BANK EXPOSURE BANK FAILURES BANK FOR INTERNATIONAL SETTLEMENTS BANK LOAN BANK LOANS BANK MONITORING BANK OF ENGLAND BANK OF SPAIN BANK PORTFOLIO BANK PORTFOLIOS BANK REGULATION BANK RUNS BANK SOLVENCY BANK SUPERVISION BANKING CRISIS BANKING INDUSTRY BANKING SECTOR BANKING SUPERVISION BANKING SYSTEM BANKING SYSTEMS BANKS BORROWER BORROWING BUDGETING BUSINESS ACTIVITY BUSINESS CYCLE CAPITAL ADEQUACY CAPITAL REQUIREMENT CAPITAL REQUIREMENTS CAPITAL STANDARDS CASH FLOW CENTRAL BANK CENTRAL BANKING CENTRAL BANKS COLLATERAL COLLATERAL REGISTRIES COLLATERALS COMMERCIAL PAPERS CONNECTED LENDING CONSUMER PROTECTION CREDIT BUREAU CREDIT BUREAUS CREDIT COOPERATIVES CREDIT CULTURE CREDIT DECISIONS CREDIT DERIVATIVES CREDIT GROWTH CREDIT INFORMATION CREDIT LINES CREDIT LOSS CREDIT MARKET CREDIT MARKETS CREDIT POLICIES CREDIT PORTFOLIO CREDIT PROVIDERS CREDIT QUALITY CREDIT RATING CREDIT RATING AGENCIES CREDIT REGISTRIES CREDIT REGISTRY CREDIT REPORTING CREDIT REPORTING SYSTEMS CREDIT REPORTS CREDIT RISK CREDIT RISK EXPOSURE CREDIT RISK MANAGEMENT CREDIT SCORING CREDIT SCORING MODELS CREDIT SUPERVISION CREDIT SYSTEM CREDITOR CREDITORS CREDITS CREDITWORTHINESS CURRENCY CURRENCY RISK DEBT DEBT OBLIGATION DEBT OBLIGATIONS DEFAULT RATE DEFAULT RISK DELINQUENCY RATE DELINQUENCY RATES DEPOSITORS DEPOSITS DERIVATIVE DEVELOPMENT BANK EARNINGS ECONOMIC GROWTH ECONOMIC POLICY ECONOMIC RISK ECONOMICS EMERGING MARKETS EXTERNALITIES FAMILIES FEDERAL RESERVE FEDERAL RESERVE SYSTEM FINANCIAL COLLATERAL FINANCIAL CRISES FINANCIAL CRISIS FINANCIAL DISTRESS FINANCIAL INNOVATION FINANCIAL INNOVATIONS FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIARIES FINANCIAL MARKETS FINANCIAL PERFORMANCE FINANCIAL PRODUCTS FINANCIAL RATIO FINANCIAL REGULATION FINANCIAL SERVICES FINANCIAL STABILITY FINANCIAL STRESS FINANCIAL SYSTEM FINANCIAL SYSTEMS FORMS OF CREDIT GUARANTOR GUARANTORS HOUSEHOLDS HOUSING ID INDEBTEDNESS INFORMATION ON BORROWERS INFORMATION REQUIREMENTS INFORMATION SHARING INTEREST RATE INTEREST RATES INTERNATIONAL BANK INTERNATIONAL BANKING INTERNATIONAL CAPITAL INTERNATIONAL FINANCIAL INSTITUTIONS LENDERS LENDING POLICIES LINES OF CREDIT LIQUIDITY LOAN LOAN DATA LOAN DEFAULT LOAN LOSS PROVISIONS LOAN PORTFOLIO LOAN PORTFOLIO QUALITY LOAN PORTFOLIOS LOAN REPAYMENT MACROECONOMIC STABILITY MACROECONOMIC VARIABLES MARKET RISK MATURITIES MATURITY MICROCREDIT MICROFINANCE MICROFINANCE INSTITUTIONS MINIMUM CAPITAL REQUIREMENTS MORAL HAZARD MORTGAGE OPERATIONAL RISK OUTPUT LOSSES OUTSTANDING DEBT PAYMENT SYSTEMS PORTFOLIO MANAGEMENT PRESENT VALUE PRIVATE CREDIT PROBABILITY OF DEFAULT PROBLEM BANKS PROBLEM LOANS PRUDENTIAL REGULATION PUBLIC CREDIT PUBLIC POLICY RATING AGENCIES RATING SYSTEMS REAL ESTATE REAL SECTOR REGULATORY FRAMEWORK REGULATORY FRAMEWORKS REGULATORY OVERSIGHT REGULATORY POLICY REGULATORY REPORTS RELATIONSHIP BANKING REPAYMENT REPAYMENT CAPACITY RESERVES RESIDENTIAL MORTGAGES RETURNS RISK MANAGEMENT POLICIES RISK MANAGEMENT TOOLS RISK MEASUREMENT RISK MITIGATION RISK OF BANK FAILURE RISK PROFILE RISK TAKING RISK WEIGHTED ASSETS SAVINGS SECURITIZATION SOLVENCY STOCKS SUBSIDIARY SUPERVISORY AUTHORITIES SUPERVISORY FRAMEWORK TERM CREDITS TRADING TRANCHES TRANSPARENCY UNDERWRITERS UNEMPLOYMENT VALUATIONS This paper is about the importance of the information in Public Credit Registries (PCRs) for supporting and improving banking sector regulation and supervision, particularly in the light of the new approach embodied in Basel III. Against the backdrop of the financial crisis and the existence of information data gaps, the importance of complete, accurate and timely credit information in the financial system is evident. Both in normal times and during crises, authorities need a device that allows them to look at the universe of credits in a detailed and readily way. And more importantly, they need to develop tools that exploit as much as possible the information therein contained. PCR databases contain individual credit information on borrowers and their credits which makes it possible to implement advanced techniques that measure banks' credit risk exposure. It allows optimizing the prudential regulation ensuring that provisioning and capital requirements are properly calibrated to cover expected and unexpected losses respectively. It also permits validating banks' internal rating systems, performing stress tests and informing macroprudential surveillance. In this respect, it is envisioned that the existence of a PCR will be a key factor to enhance the supervision and regulation of the financial system. Furthermore, the extent, accuracy and availability of the information collected by the authorities will determine the usefulness of the PCR as part of their toolkit to monitor the potential vulnerabilities not only on a microprudential level, but also on a macroprudential one. 2012-03-19T18:43:06Z 2012-03-19T18:43:06Z 2010-12-01 http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20101201132222 http://hdl.handle.net/10986/3972 English Policy Research working paper ; no. WPS 5489 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Publications & Research :: Policy Research Working Paper The World Region The World Region |