Since May 2012, OeEB has been providing Business Advisory Services funds for the Global Credit Reporting Program (GCRP).
|Project name||Global Credit Reporting Program (GCRP)|
|Sector||Banking and financial services|
|Service||Business Advisory Services|
By implementing credit reporting service providers, i.e. credit bureaus and credit registries, a higher degree of transparency can be created. As a consequence this helps reducing asymmetric information, mitigating adverse selection and moral hazard problems, which is important for the expansion of access to credit and risk reduction. At the same time better frame conditions are created on political level.