Three BIIA members presented at the recent World Bank Financial Infrastructure Week 2015 which was held in Istanbul, Turkey.
Madam Xiaolei Wang, Deputy Director General of the Credit Reference Center of the People’s Bank of China spoke about the Secured Transactions Reform in China.
To download presentation click on this link: 20150824-中国的动产担保融资改革与实践-en
Madam Wang concluded that China is now the single largest market for factoring services due to these reforms. She also participated in the panel on implementing the General Principals for Credit Reporting.
Carlos Fernandez Inigo, Deputy General Manager, Informa D&B participated in a panel on credit information on small and medium enterprises: Challenges and opportunities for credit reporting systems. The panelists discussed the recommendations of the International Committee on Credit Reporting about the challenges of assessing the creditworthiness of an SME. Carlos presented the Spanish case study: Financial_Week_Istanbul2015(CFv2)
Enrico Lodi, General Manager Credit Bureau Services at CRIF and BIIA director participated in a panel on credit scoring challenges. The panel and the audience engaged in a lively discussion of how to overcome the prejudices against credit scoring, often misconstued as credit ratings and profiling. Notwithstanding the values of credit scoring in risk assessment and fraud prevention a negative connotation prevails which needs to be overcome by consumer education.
The World Bank Financial Infrastructure Week is one of the major global events covering Payment and Settlement Systems and Remittances, Credit Reporting, Secured Lending and Collateral Registries, and Insolvency and Debt Resolution. Experts, regulators, practitioners, and private sector representatives discuss the most relevant topics in their respective areas and disseminate best practices and international standards. The Financial Infrastructure Week offers a unique opportunity for discussion and networking.
