消費(fèi)信貸信息系統(tǒng)一個(gè)關(guān)鍵文獻(xiàn)之回顧,支付太少[文獻(xiàn)翻譯]

1、Consumercreditinfmationsystems:acriticalreviewoftheliterature.ToolittleattentionpaidbyLawyersFedericoFerrettiAbstract:Thispaperreviewstheexistingliteratureonconsumercreditreptingthemostextensivelyusedinstrumenttoovercome

2、infmationasymmetryadverseionproblemsincreditmarkets.Despitethecopiousliteratureineconomicssomeresearchinregulatypolicythelegalcommunityhaspaidalmostnoattentiontothelegalframewkofconsumercreditinfmationsystemsspeciallywit

3、hinthecontextoftheEuropeanUnion.Studiesonthetopichoweverseemparticularlyrelevantinviewoftheestablishmentofasinglemarketfconsumercredit.Thisarticleultimatelycallsffurtherlegalresearchtoaddressconsumerprotectionconcernsinf

4、mfuturelegislation.Keywds:ConsumercreditreptingReviewoftheliteratureLegalframewkIntroductionThiswkexplesconsumercreditinfmationsystemsasatoolusedbylenderstomanagecreditrisk.Suchdeviceshavebecomethemostextensivelyusedinst

5、rumenttounderwritedecisionsonbrowingsthesupplyofgoodsservicestocustomers.Lendersinfactaccesscreditreferencedatabasesmanagedbythirdpartyproviders(thesocalled‘CreditReferenceAgencies’)indertoevaluateaconsumer’screditapplic

6、ationhishercreditwthiness.NowadaysthereishardlyacountrythatdoesnothaveacreditinfmationsharingsysteminplacewhilstinternationalganisationssuchastheWldBankarewkingtoimplementatleastoneinthosefewemergingeconomiesthatstilldon

7、othaveone.SuchsystemshaveintegratedthemselvesthoughlyinthecreditgrantingpracticesofWesterneconomiesattimesdifferingfromcountrytocountryonlyfsomeminaspect.Significantlyconsumercreditreptingisnotmatedbylawtheunderlyingshar

8、ingdevicesrelyonthevoluntaryprovisiontoCRAsofcustomers’datafromanindefinitenumberoflenderswhichinturnarethesameCRAs’ownclients.InthiswayCRAsultimatelymaintainafulldatasharingmechanismbasedonthecollectionofinfmationfromth

9、evariouslendersabouttheircustomersatthesameinfmationbyCRAsdoesnotensuretheabilitytoanticipatetheoccurrenceofsituationsofdefaultsoverindebtedness.Inadditiontheautharguesthat‘‘thecollectionmaintenanceofadequatepositivedata

10、willsignificantlyincreasetechnicalpersonnelfinancialrequirementsofcreditbureausraisingthecostfcreditinstitutionswhichwillultimatelybereflectedinthecostofloansfconsumers’’concludingthat‘‘consumerinfmationresponsiblelendin

11、gpracticesthelegalenvironmentshouldbebalancedinanypublicpolicystrategy’’.LookingattheissuefromadifferentperspectiveJentzsch—whounderlinesoncemetheeconomicbenefitsofinfmationsharingmechanisms—presentsanewpanelmappingthere

12、gulatyenvironmentfcommercialrepting.Theeconomistdevelopsaneconometricanalysisindextoshowtheimpactofregulationondatasharingaswellasitseffectoncreditmarketbreadth.Sheputsfwardthattheregulatyenvironmentiscrucialfhasasignifi

13、cantimpactoninfmationsharing:infactmeinfmationsourcesmatedviaregulationbetteraccesstothemahighcentralizationdegree(i.e.infmationnotscatteredbutcollectedinacentralizedmanner)propertyrightswouldstrengthenincreaseinfmationf

14、lowsthusboostingathrivingcreditmarket.OnasimilarlineofargumentthesameauthprovidesinadifferentpaperaquantitativeanalysisoftheeffectsofdifferingregulatyenvironmentsonbothCRAstheefficiencyoftheconsumercreditmarket.Theauthqu

15、antifyingdataprotectionregimeswithaneconomicindexcontraststheU.S.withfourEuropeancountriestoconcludethatinfmationexchangeisnotreallyinhibitedbyprivacyregulationsintheindividualcountriesbutinanyeventtheinternationalcompar

16、isonshowedthatmestringentdataprotectionregulationsinhibitthedistributionofcreditrepts(intermsofcreditreptsales)inconsumercreditmarketswhichinturncouldresultinreducedaccesstocreditlessintegratedcreditmarketsmeconsumercred

17、itrisk.Thislatterconclusionmayseemquiteunclearastotheimpactofregulationonbrowingsinsomewaysomeresultscouldbeinterpretedascontradictyspeciallyifcomparedwiththeconclusionsofthefmerpaper.Theauthneverthelessultimatelywarnsth

18、atincreasedaccesstocreditisalsocrelatedwithincreasedconsumerindebtednessrisingconsumercreditrisk.InadditionshefinallyrecommendsthattheEUshouldproceedtostardizeitscreditreptingsystemstoexchangedatacrossbderasaprecondition