Importance The article investigates the national and foreign experiences of using credit bureaus. Objectives The research emphasizes the principal aspects that describe how foreign mechanisms accumulate and use data on credit histories of citizens and entities. We also review how the most effective practices may be implemented in Russia, formulate our own proposals for developing the domestic practices of credit bureaus. Methods Based on the synthesis of scientific knowledge, we articulated our own proposals for developing the domestic institution of credit bureaus. Results Russia was proved to have applied positive foreign experience in using credit bureaus almost entirely. We formulated our proposals to improve separate aspects. Conclusions and Relevance We conclude that it is necessary to further develop operational conditions for credit bureaus as an important aspect of Russia's market economy, especially during the economic crisis, when market actors dramatically seek for information on the reliability and financial discipline of their customers.
Keywords: credit history, credit report, credit bureau
References:
Barron J., Staten M. The Value of Comprehensive Credit Reports: Lessons from the U.S. Experience. World Bank, 2000.
Olegario R. A Culture of Credit: Embedding Trust and Transparency in American Business. Harvard University Press, 2006.
Baer T., Carassinu M., Del Miglio A., Fabiani C., Ginevra E. The National Credit Bureau: a Key Enabler of Financial Infrastructure and Lending in Developing Economies. McKinsey, Working Papers on Risk, 2009.
Glukhova I. Profilaktika i snizhenie prosrochennoi zadolzhennosti v kreditnykh portfelyakh bankov: rol' byuro kreditnykh istorii [Prevention and reduction of overdue amounts in credit portfolios of banks: the role of credit histories]. Bankovskoe delo = Banking, 2008, no. 12, pp. 79–82.
Pashkevich M.V. Byuro kreditnykh istorii kak istochnik informatsii o platezhesposobnosti potentsial'nykh zaemshchikov [Credit bureaus as a source of information on the solvency of potential borrowers]. Bankovskoe pravo = Banking Law, 2013, no. 4, pp. 13–16.
Pronskaya N.S. Modernizatsiya sistemy upravleniya kreditnymi riskami kommercheskikh bankov [Upgrading the system of credit risk management in commercial banks]. Vestnik Volgogradskogo gosudarstvennogo universiteta. Seriya 3. Ekonomika. Ekologiya = Science Journal of Volgograd State University. Series 3: Economics. Ecology, 2012, no. 1, pp. 230–236.
Serova Yu.G. Institut sobiraniya informatsii o blagonadezhnosti kontragentov v Rossii (istoriko-pravovoi analiz) [The institution of collecting information on counter-parties' creditworthiness in Russia: historical and legislative considerations]. Istoriya gosudarstva i prava = History of State and Law, 2012, no. 7, pp. 23–28.
Balykin D.V. O rabote byuro kreditnykh istorii [On operations of credit bureaus]. Bankovskoe delo = Banking, 2009, no. 10, pp. 71–72.
Bannykh A.A. Metodika otsenki kreditnogo riska zaemshchika s primeneniem skoringa byuro kreditnykh istorii [Methods for assessing the borrower's credit risk using credit bureaus' score]. Prilozhenie matematiki v ekonomicheskikh i tekhnicheskikh issledovaniyakh = Application of Mathematics to Economic and Technical Studies, 2014, no. 4, pp. 25–32.
Pakhol' V.B. Protivorechiya v sotrudnichestve bankov i byuro kreditnykh istorii [Contradictions in the cooperation of banks and credit bureaus]. Bankovskoe pravo = Banking Law, 2010, no. 3, pp. 72–75.
Ryabov Yu.P., Janel E.K. Byuro kreditnykh istorii: ekonomicheskie i organizatsionnye aspekty razvitiya [Credit bureaus: economic and organizational aspects of development]. Sotsial'no-ekonomicheskie yavleniya i protsessy = Socio-Economic Processes and Phenomena, 2013, no. 7, pp. 125–129.
Maksurov A.A. Kreditnaya istoriya v prochtenii yurista [Credit history from the lawyer's perspective]. Bankovskoe delo = Banking, 2010, no. 5, pp. 76–80.
Tarasenko O.A. Uslugi byuro kreditnykh istorii [Services of credit bureaus]. Zakony Rossii: opyt, analiz, praktika = Laws of Russia: Experience, Analysis, and Practice, 2015, no. 5, pp. 81–87.
Eriashvili N.D., Betretdinov R.R. Pravovoe regulirovanie kreditnykh istorii [Legal regulation of credit histories]. Vestnik Moskovskogo universiteta MVD = Bulletin of Moscow University of the Ministry of Internal Affairs of Russia, 2010, no. 3, pp. 184–188.
Matuszyk A., Lyn T. The Evolution of Credit Bureaus in European Countries. Journal of Financial Transformation, 2008, no. 23, pp. 135–144.
Chakravarti R., Beng-Hai Ch. The Evolution of Credit Bureaus in Asia-Pacific. Asia Pacific Consumer Bank, 2005.
Kopeikin A.B., Rogozhina N.N. Zarubezhnyi opyt raboty kreditnykh byuro i perspektivy razvitiya sistemy kreditnykh byuro v Rossii [Foreign experience of credit bureaus and prospects for developing the system of credit bureaus in Russia]. Moscow, Institute for Urban Economics Publ., 2005, 106 p.
Zakharov V.S. Potrebitel'skii kredit v SSSR [Consumer lending in the USSR]. Moscow, Finansy i statistika Publ., 1986, 76 p.
Tursunov T.M. [Innovative economy as the basis for processes of regulating rating agencies' operations]. Problemy razvitiya innovatsionno-kreativnoi ekonomiki: materialy mezhdunarodnoi nauchno-prakticheskoi konferentsii [Proc. Int. Sci. Conf. Issues of Developing the Innovative and Creative Economy]. Moscow, Kreativnaya ekonomika Publ., 2010, pp. 155–158.
Kvochkin O.V. O perspektivnykh napravleniyakh izmeneniya deyatel'nosti byuro kreditnykh istorii [On promising areas of changes in credit bureaus' activities]. Nauchnyi vestnik Volgogradskogo filiala RANKhiGS. Seriya Ekonomika = Scientific Bulletin of Volgograd Branch of RANEPA. Series Economics, 2011, no. 5, pp. 37–40.
Mamuta M.V., Sorokina O.S., Tyan V.L. Voprosy razvitiya kreditnykh byuro v Rossii [Issues of credit bureaus in Russia and their development]. Den'gi i kredit = Money and Credit, 2015, no. 15, pp. 45–50.
