Credit Bureau Licensing and Supervision : A Primer
In recent years, as more and more regulators have begun to assume the role of supervision and oversight over credit bureau(s), the World Bank Group has supported supervisors in understanding and carrying out their duties as it relates to this role....
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| Language: | English |
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World Bank, Washington, DC
2020
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| Online Access: | http://documents.worldbank.org/curated/en/214651604477567073/Credit-Bureau-Licensing-and-Supervision-A-Primer http://hdl.handle.net/10986/34760 |
| Summary: | In recent years, as more and more
regulators have begun to assume the role of supervision and
oversight over credit bureau(s), the World Bank Group has
supported supervisors in understanding and carrying out
their duties as it relates to this role. The WBG has
supported the development of the credit bureau supervisory
framework and the capacity to supervise these systems in
several countries, including Morocco, the West African
Monetary Union, Jordan, Bhutan, and the Bahamas. In
addition, the WBG has provided light touch assistance on the
supervision of credit bureaus in several Caribbean countries
including Jamaica, Belize, the OECS, Guyana and Suriname.
The WBG has facilitated study tours for regulators to
markets where credit bureau supervision processes are
established, thereby enabling the exchange of experiences
and information between regulators. Such study tours include
mock audits of the credit bureau in the host country, where
possible. The mock audits provide the visiting regulators
with an opportunity to mimic the processes that would be
followed in case of an audit. This primer draws upon the
WBG’s experience across various markets and intended to
provide regulators, policymakers, practitioners and
financial sector specialists with a general overview of what
the licensing and supervision of a credit bureau entails. |
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