Home » Regulatory Framework (page 2)

Regulatory Framework

European Data Protection: ACCIS Responds to Consultation of the EU Commission’s Comprehensive Approach to the Protection of Personal Data

The Association of Consumer Credit Information Suppliers (ACCIS) has responded to the Consultation on the Commissionʹs comprehensive approach on personal data protection in the European Union. The ACCIS response focuses on those questions that ACCIS believes are relevant to the industry.  The fundamental premise on which the ACCIS response is based is that the Data Protection Directive (DPD) is still an efficient ... Read More »

Veda Advantage Rebuts Positive Credit Reporting Regimen Criticism

Veda Advantage has hit back at criticism of the incoming “positive” credit reporting regimen, arguing that many of the charges laid against it by brokers are inaccurate and that it will succeed in protecting consumers. Speaking with Australian BrokerNews, Veda Advantage head of external relations Chris Gration said there is nothing “draconian or big brother” about the law, in response ... Read More »


The White Paper accentuates the differences between commercial credit reporting and consumer credit reporting and why these services deserve different legal frameworks. Commercial credit reporting standards have been developed over decades in response to technological developments and market requirements to assess commercial trade credit, bank loans and trade finance. Continuous improvements in information quality as well as the development of ... Read More »

Commercial Credit Reporting – BIIA White Paper

White Paper Commercial Credit Reporting Standards The BIIA Regulatory Committee compiled the attached White Paper for the benefit of regulators.  The White Paper outlines the basic elements of commercial credit reporting and how it differes from consumer credit reporting. Compiled January 2010 Read More »


Commercial Credit Reporting Regulatory Summary SUMMARY OF BIIA SURVEY OF REGULATORY FRAMEWORKS IN KEY COUNTRIES INDUSTRY STANDARDS ARE WELL ESTABLISHED AND SUBJECT TO SELF REGULATION AND MARKET DEMANDS BIIA conducted a survey on regulatory frameworks for commercial credit information in key countries and found that there no regulatory restrictions on commercial credit information.  The industry is largely self-regulating, the market ... Read More »


COMMERCIAL CREDIT REPORTING STANDARD DATA ELEMENTS REQUIRED IN A STANDARD CREDIT REPORT The attached document describes the type of data elements used in a commercial credit report. The attached example exemplifies data elements used in a comprehensive credit report. Within this context it should be noted that the availability of information on corporations, private companies, medium and small enterprises varies ... Read More »

ASEAN Economic Community (AEC) Blueprint

The ASEAN Economic Community (AEC) shall be the goal of regional economic integration by 2015.  AEC envisages the following key characteristics: (a) a single market and production base, (b) a highly competitive economic region, (c) a region of equitable economic development, and (d) a region fully integrated into the global economy. The AEC areas of cooperation include human resources development ... Read More »