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Credit Registers

Australian Privacy Actions: ABR Gazette Change, February 2017

The ABR Gazette is a subscription-only commercial information service, collating public record information on companies and individuals such as insolvency, bankruptcy and court data relating to debt. The cover of the ABR Gazette includes the terms and conditions of use, restricting it to the assessment of credit risk Veda has agreed to amend the ABR Gazette in the next three ... Read More »

The Reserve Bank of Zimbabwe Launches Online Exchange of Information Between Banks Via Creditinfo Credit Bureau Solution

The Reserve Bank of Zimbabwe (RBZ) announced on January 1st the official launch of the system for online exchange of information between banks via Creditinfo Credit Bureau Solution. The operation is live already. Creditinfo won the international tender initiated by World Bank and now provides RBZ with the latest generation of Credit Bureau System, CB5. The credit bureau system in Zimbabwe was built from scratch in ... Read More »

Central Bank of Iraq Starting Online Credit Information Exchange

The Central Bank of Iraq announced the launch of online exchange of information between the banks via a credit bureau system.  The system, named CBS5, is provided by Creditinfo, who won an international tender initiated by WorldBank.   The credit bureau system was built from scratch in only 10 months, including transfer of know how and financial institutions’ education and ... Read More »

Transparency: China & Cambodia to Exchange Credit Reports

The central banks of Cambodia and China are in talks to share customers’ credit reports in an effort to boost bilateral private investment, as a response to rising trade between the two countries. The National Bank of Cambodia (NBC) director general Chea Serey told Khmer Times yesterday that discussions were held with senior People’s Bank of China official Luo Yue ... Read More »

Philippines Credit Bureau Accreditation Shakeup

Credit Bureau Singapore and Dubai based Dun & Bradstreet South East Asia Middle East Ltd have dropped their accreditation to offer rating services using information from a national registry after both companies failed to meet state requirements on time, according to CIC President and Chief Executive Officer Jaime P. Garchitorena:  “They’ve dropped their accreditation because we set deadlines… Their period ... Read More »

AnaCredit:  A Turkish Perspective

Ömer K. Seyhun is a Senior Specialist at the Central Bank of Turkey and has shared with us a paper on AnaCredit (European Central Bank Credit Register Project).  Ömer is also the Bank’s representative on the World Bank’s International Committee on Credit Reporting (ICCR) along with BIIA, which goes along way in sharing credit practices across borders. To view the ... Read More »

Philippines: CIC Accredits new Credit Bureaus

Recently the state-owned Credit Information Corporation (CIC) of the Philippines has granted the accreditation of three credit bureaus and hopes to complete the application of two more entities in the next two months. In a briefing, Jaime Garchitorena, CIC president and chief executive said they have accredited CRIF Philippines (Italy) which was announced in May, Compuscan Philippines (South Africa) and ... Read More »

IFC and BIIA Take Key Roles in the Development of Cross Border Sharing of Credit Reports in the Mekong River Region

Under the leadership of the IFC and BIIA and with the support of ABAC, the National Bank of Thailand, the National Credit Bureau of Thailand, representative from the Thai Bankers Association and the Board of Trade of Thailand and eight credit reporting service providers (CRSPs) from China, Vietnam, Thailand, Cambodia and Lao PDR met in Bangkok on 4 – 5 ... Read More »

Dual Credit Reporting System in Indonesia

When the Financial Services Authority (OJK) announced last year that it would develop a new credit reporting system, called the Financial Information Service System ( SLIK ), a new phase of a more mature credit system of notification emerged in Indonesia. Over the past 4 decades, there was only one public credit registry, namely the Debtor Information System   ( ... Read More »

China to Improve Credit Reference Service

Yang Ziqiang, Assistant Governor of the People’s Bank of China.China, recently stated that China will upgrade the credit reference system by introducing more monitoring.   More should be done to protect those who have shared their credit information, and guard against conflicts in sharing such information, Yang was quoted as saying by a bank statement. By the end of last ... Read More »

Central Credit Registers (CCRs) as a Multi-Purpose Tool to close Data Gaps

Michael Ritter, Head of Central Credit Register and Chair of Chair of the ESCB Working Group on Credit Registers, presented a paper on Central Credit Registers (CCRs) as a Multi-Purpose Tool to close Data Gaps.  To download the paper click on this link: 2014-05-NecesidadesInformacionFinanciera-05 Background:  A credit registry is one of the two main types of credit reporting institutions. Credit registries ... Read More »