Welcome to the forty first monthly newsletter designed to keep BIIA members informed of the significant developments on the policy dossiers being worked on in Europe and in other geographical territories. To download the document, please click on this link.
As I am sure our readers would expect our newsletter this month focuses extensively on the COVID 19 pandemic and its impact on the information industry.
Like all industries, our industry is having to respond to an unprecedented situation. As the weeks and months unfold there is no doubt that there will be further changes in terms of policy and industry actions as Regulators and organizations try to manage the impact the pandemic is having and will continue to have on the information industry. Due to the significance of the situation we have created a specific section in the newsletter to cover COVID 19 and changes that are taking place that involve the information industry.
The International Committee on Credit Reporting (ICCR) is currently developing guidance on the treatment of credit data in credit reporting systems in response to the pandemic and BIIA as a member of the Committee is actively engaged in the work.
To gain an understanding of how regulators and policy makers are reacting to the massive disruptions the pandemic is having on credit granting and credit reporting and to support the work of the ICCR, BIIA is seeking feedback from its members on the initiatives that are being undertaken in the regions that members operate in via a brief online survey.
We would encourage readers of this newsletter who are active participants in the credit reporting system in their country (i.e. lenders, credit reporting service providers and regulators) to complete the survey which can be accessed here.
Information provided in the survey will be used to develop an overview at a country level of the practices in place or being considered which will hopefully help shape the ICCR guidance and help regulators, policy makers and credit reporting service providers to work together in developing the most appropriate approach.
With the current situation we even more keen to ensure that we cover as many relevant regulatory developments as we can in this newsletter so if you have any items you feel would be worth incorporating please do get in contact with Neil Munroe, Deputy Managing Director and Editor of the Regulatory Newsletter by email @ [email protected]. We look forward to receiving your contributions.
We are also keen to ensure this newsletter continues to provide value to our readers so please do let us have any feedback. In the meantime, as a reminder we also have a wealth of information on regulatory developments on our website in the Regulatory section so do please click on the link and take a look.
Please keep safe and well in these troubled times.
Deputy Managing Director
and Editor of the Regulatory Newsletter
More information on the latest regulatory developments from across the globe is available on the BIIA website in the Regulatory section. Most of the information is password protected , therefore we recommend to be logged in at all times.
BIIA would like to thank its contributors, especially its fellow industry association, ACCIS (the Association of Consumer Credit Information Suppliers), for allowing us to re-use certain information that they have published on regulatory developments within Europe.