Overall, the collaboration with universities and research centres plays a key role in the continuous upgrading of our intellectual capabilities and the deepening of our knowledge of relevant subjects. These interactions are fundamental to the fulfilment of our strong commitment to excellence in economic analysis and research at the Bank, which is reflected in our series of working papers and periodic bulletins.
However, the introduction of full-file credit information sharing in February 2014 enabled credit reference bureaus to introduce value added products such as credit scoring. Credit scoring not only enriches the value of credit reports to the lenders but greatly improves the lenders credit risk management. Credit scores will help borrowers to know their risk profiles and how their loans will be priced.