The International Committee on Credit Reporting (ICCR) Spring plenary, 2025, and the first edition of the African RCG (regional consultative group) were held in Cape town, last week.
ICCR members, the World Bank, G20 central banks and credit reporting and business information Federations, celebrated the 33rd plenary edition and launched the RCG, in Africa, which is composed by local authorities + local central banks and the ICCR.
The “National Credit Regulator” and the “Ministry of trade, industry and commerce” of South Africa are believers of this initiative, and jointly promoted it to help in innovating and gaining efficiency for financial systems.
The themes discussed, in the meetings were highly relevant for the industry and helping the global economy: understanding how alternative data and AI are reshaping credit risk, exchanging insights into open banking and digital credit ecosystems, improving MSME credit access and financial health position’s providers as key enablers for enhancing brand credibility and stakeholder trust.
The ICCR working party on sustainability, co-chaired by Luis Carmona - vice-president of FEBIS, presented the new exploratory paper version on ESG integration: “The Role of credit reporting in collecting and monitoring ESG-related data”. It is a valuable repository that will be restructured to become the first stage of a new evolving discipline that will lead credit reporting systems towards sustainability. The role of the European legal scenario and multiple initiatives will be essential in the progress of global corporate and finance sustainability.
Some central banks are foreseeing that non-financial information will be, gradually, integrated in credit decision processes and global collaboration among regions, combining public and private efforts, will be necessary.
The new ICCR Strategic Plan 2025–2030, was debated and will bring new governance rules enhancing visibility, reforming works’ delivery and refining operational aspects to stress the influence of the committee.
The impact of the ICCR is growing to position the group as a global reference in credit reporting systems.
After the African RCG, the expansion will, eventually, continue to European grounds enriching the orientation towards innovative trends.
The interaction with prior RCGs in LAC (Latham and Caribbean) and APAC (Asia pacific) will be enabled to trigger alignment, where possible, and procure global progress.
Source: FEBIS
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