Making Banking Safer
Brazil's Central Bank has worked successfully with the country's private banks to build a new system to monitor lending across the financial markets.
The Brazilian government has been working hard for some time
to make it easier for banks to increase lending safely. The new
Credit Information System (SCR), which the Central Bank
launched in June, is an important milestone in this direction.
The Central Bank's efforts began almost a decade ago with the
introduction of its Credit Risk Center, the SCR's
The Central Bank first launched its Credit Risk Center in
1997 in an effort to further develop an emerging credit
information system. Using the Central Bank's Sisbacen's IT
infrastructure and 3,270 dedicated terminals, the system
focused initially on meeting demands of bank supervisors who
needed better data on bank lending.
At the same time, an important change in the Central Bank's
approach to bank regulation was taking place as it began
shifting from an accounting and regulatory view to a more
risk-focused one. This new supervisory process, known...
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