Consumer credit score is key to lending

Efficient financial data reporting helps give consumers access to lending while limiting moral hazard, says Enrique Velazquez, director general of the European Union's Association of Consumer Credit Information Suppliers (ACCIS), in an interview with Kathimerini.
Velazquez was in Greece recently for the annual ACCIS general meeting and conference, organized by its Greek member Tiresias.
 

What is the financial system's approach to the need for responsible lending post-crisis and avoiding over-indebtedness? What has changed and what is the role of risk assessment systems?

The financial system and the regulatory / supervisory apparatus have learned the lessons from the financial crisis. Take, for example, the differences between the regulatory framework for consumer and mortgage credits. For both types of lending, lenders are obliged to lend...

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