Seventh, how much of the supervisory oversight should be strictly rule based and how much of judgment of overall compliance acceptable. Briefly stated, the answer to all these questions lies in seeking and striking a right balance. These are several issues which need to be addressed irrespective of the structure of regulation.
To remain competitive, Credit Reference Bureaux worldwide must not stand on their laurels; they must introduce innovative services to meet the evolving needs of their clients. Compuscan is currently introducing a Credit Scoring System which is intended to facilitate quicker and better decision making by the participating financial institutions.