BIS Review 42/2005  3  First, the lack of regulations on credit reporting hindered the development of credit reporting industry and the evaluation on the credit status of the borrowers by the financial institutions.
I am happy to be a part of these deliberations and rd to deliver the inaugural address to the 23 Conference of Bank Economists here today. As you are aware, global economic prospects turned sharply adverse since September 2001 following the terrorist attacks on the US.