Key Principles for Effective Regulation and Supervision of Credit Reporting Service Providers
The twelve principles for Effective Regulation and Supervision of Credit Reporting Service Providers complement the 2011 global Practices for Credit Report (GPCR) published in 2011. The accompanying report discusses the key considerations for regulatory and supervisory principles, as well as the preconditions for developing and implementing an effective regulatory and supervisory framework. It emphasizes the importance of maintaining holistic oversight of how the credit reporting system functions to ensure that the players in credit reporting activities can manage the risks related to credit information sharing. It presents the methodology for assessing the regulatory and supervisory frameworks at the jurisdictional level.