Invitation to Webinar on the
“Treatment of Credit Data in a Crisis: Practical Considerations and Challenges”
The World Bank in conjunction with the International Committee on Credit Reporting (ICCR) has scheduled this webinar for April 30, 2020 at (0830 US ET). This webinar will target credit reporting service providers (credit bureaus and registries).
As a member of ICCR, FEBIS is going to participate representing the business information services and would like to invite its members to join the webinar and share this invite with colleagues who might benefit.
This webinar is targeted at both private and public credit reporting service providers with the aim of sharing knowledge on how credit data can be treated in credit reporting systems during a crisis, challenges encountered by credit providers and credit reporting service providers during the pandemic crisis, and potential solutions to address these challenges.
Please see here below the details of the webinar, including registration link.
Webinar: Treatment of Credit Data in a Crisis: Practical Considerations and Challenges
Thursday April 30, 2020 | 8:30 am — 10:00 am (EST)
Meeting number: 478 380 010
Meeting password: yT5pwVZpC38
Join by Phone:
Dial in Number: 1-650-479-3207
Access Code: 478 380 010
Please register at this LINK
DESCRIPTION:
The treatment of credit data during a crisis has potential impact on the integrity of the credit reporting system (CRS) and ultimately the financial markets. Inadequate and untimely data reduces the reliance placed by credit providers on the credit reporting system and can lead to credit rationing, increase in the cost of credit and exclusion of borrowers. A crisis such as the COVID 19 impacts on good performing borrowers’ ability to meet their scheduled payments relegating them to the same level with existing non-performing borrowers.
Against this background, the World Bank Group will be hosting webinars to sensitize credit reporting stakeholders about the treatment of credit data in credit information sharing systems during the crisis. This webinar will emphasize the importance of maintaining the
integrity of the credit reporting systems while safeguarding borrowers from disproportionate impact of the crisis on their credit histories and scores, as well as other key guidelines captured in the ICCR Policy Note on “Treatment of Credit Data in Credit Information Systems in the context of the COVID-19 pandemic ”(link).
This webinar is targeted at both private and public credit reporting service providers with the aim of sharing knowledge on how credit data can be treated in credit reporting systems during a crisis, challenges encountered by credit providers and credit reporting service providers during the pandemic crisis, and potential solutions to address these challenges.
Participants are encouraged to send their questions on the ICCR Policy Recommendations to cmasunda@ifc.org and ssankar1@ifc.org; in advance.
SPEAKERS:
Chair: Neil Munroe, Deputy Chair, ICCR and Deputy Managing Director BIIA
Speakers: Representatives from various trade associations from around the world.
For any questions regarding this webinar, please contact Deborah Sarpong at dsarpong@ifc.org
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