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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| Language: | English |
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World Bank, Washington, DC
2019
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| Online Access: | http://documents.worldbank.org/curated/en/262691559115855583/Credit-Reporting-Knowledge-Guide-2019 http://hdl.handle.net/10986/31806 |
| Summary: | 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. |
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