IDEAS home Printed from https://ideas.repec.org/a/fip/fedfaf/y2011ioct.html
   My bibliography  Save this article

Credit bureaus in Asia

Author

Listed:
  • anonymous

Abstract

Rising personal income levels and increasingly competitive lending markets have led to rapidly growing consumer credit in Asian economies during the past decade. However, in many cases this expansion of credit outstripped financial institutions ability to manage the associated increase in credit risk. The rising number of credit card defaults and subsequent personal bankruptcies in economies including South Korea, Hong Kong, and Taiwan in the early- to mid-2000s demonstrated the need for Asian lending institutions to employ more robust credit risk management tools. Credit bureaus, which collect information about an individuals credit history and existing financial obligations, have served as one such tool and helped reduce credit risk and the number of defaults and bankruptcies. This Asia Focus report examines the development of credit bureaus in Asia, focusing on their purpose and function, ownership structure, and the scope of information they provide. The report also explores the legal and regulatory environments in which the credit bureaus operate.

Suggested Citation

  • anonymous, 2011. "Credit bureaus in Asia," Asia Focus, Federal Reserve Bank of San Francisco, issue Oct.
    • Handle: RePEc:fip:fedfaf:y:2011:i:oct
    as

    Download full text from publisher

    File URL: https://www.frbsf.org/banking/wp-content/uploads/sites/5/october-credit-bureaus-in-asia-Oct-2011.pdf
    File Function: Full Text
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Soedarmono, Wahyoe & Sitorus, Djauhari & Tarazi, Amine, 2017. "Abnormal loan growth, credit information sharing and systemic risk in Asian banks," Research in International Business and Finance, Elsevier, vol. 42(C), pages 1208-1218.

    More about this item

    Keywords

    Credit bureaus - Asia;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fip:fedfaf:y:2011:i:oct. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Federal Reserve Bank of San Francisco Research Library (email available below). General contact details of provider: https://edirc.repec.org/data/frbsfus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.