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Europe, A Field To Plow
According to The Wall Street Journal, Brian Murray, a partner of New York's Murray, Frank & Sailer LLP, said: "If you want to enter new markets, you have to go outside the United States". People other than lawyers can enlarge their practice by...
European Second Home Prices Wilt in Drought
Spain and Portugal have suffered one of their worst droughts on record this summer, with consequences from empty swimming pools for the tourist to economic disaster for farmers losing their crops and livestock.
Roger Munns, Managing Director...
First Time Travel to Europe – Your Six Month Planning Guide
So, you’ve decided that you want to travel to Europe within the next year. Fantastic! Your trip is sure to be an exciting learning experience. This article will discuss the key plans you’ll need to make before traveling to Europe, starting from six...
Québec City, A Taste of Old Europe in North America
One can get a taste of old Europe right in North America when visiting Québec City in Canada. Québec City is the capital of the province of Québec. It can be easily reached by a short flight from points in the northeastern United States and eastern...
The Costa del Sol- Still Europe's Favourite Holiday Destination
The Costa del Sol, Spain has long been one of the premier European holiday resorts, find out why and what it has done to keep up with the current requirements of today holiday maker.
Since the 1960's and the advent of package...
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Press Release
Credit Bureaus and Credit Scoring in European Union Countries
Credit bureaus play a critical role in today's credit markets. The credit history information provided by the credit bureaus helps lenders assess and monitor the risk of lending, and hence make more informed and profitable business decisions. Taking a closer look at the European credit bureaus and understanding the current structure of the credit information industry, along with the financial privacy laws can help lenders and credit bureaus developing strategies to position themselves in the single European credit market.
June 16, 2004 -- New Research Report by Mercator Advisory Group - Credit bureaus play a critical role in today's credit markets. The credit history information provided by the credit bureaus helps lenders assess and monitor the risk of lending, and hence make more informed and profitable business decisions. Taking a closer look at the European credit bureaus and understanding the current structure of the credit information industry, along with the financial privacy laws can help lenders and credit bureaus developing strategies to position themselves in the single European credit market.
Evren Bayri, Director for Mercator Advisory Group's Credit Advisory Service, comments, "While the EU states typically have credit bureau(s), the exchange of information among them occurs at a marginal level. Some important reasons for this trend are the sluggish development of the European cross-border credit market, technical challenges that arise from differences among the credit bureaus and privacy regulation-related issues. As the mobility of
the EU population increases and consumers start to shop around for cross-border credit, the demand for cross-border credit and hence the demand for cross-border credit information will increase. This will occurr regionally in the short run, where compatibility in privacy laws, lower language barriers, and the more consumer mobility create favorable conditions for cross-border lending and information sharing."
This report puts the European credit bureaus and the state of the cross-border credit information sharing under the magnifying glass by providing:
1. A discussion on the public credit registers (PCRs) in the EU
2. A discussion on the private credit bureaus in the EU
3. A look at the cross-border information sharing and implications for the EU consumer credit market
4. A discussion on the regulation in financial privacy in the EU, and
5. A look at the types of information managed by the EU credit bureaus
The report contains 28 pages and 4 exhibits.
Members of Mercator Advisory Group have access to this report as well as the upcoming research for the year ahead, presentations, analyst access and other membership benefits. Please visit us online at www.mercatoradvisorygroup.com.
For more information call Mercator Advisory Group's main line: 508-845-5400 or send email to info@mercatoradvisorygroup.com.
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