International evidence has shown that credit scoring can assist in overcoming the inherent benefit/cost trade-off that banks face when deciding whether or not to invest in obtaining information regarding a potential borrower.
The Key Attributes have to be transposed into legislation which, naturally, has to be much more concrete than the international standard. 2  BIS central bankers’ speeches  The necessity of close cooperation is further underscored by the fact that the European Commission has recently published its legislative proposal for an EU framework for bank recovery and resolution.