Banks, on the other hand, will benefit from the robust credit scoring models built on the database to supplement or to validate their internal scoring models. This will particularly be useful to those without a credit scoring model. The CRD will enhance the credit risk management system of banks.
1/2  BIS central bankers' speeches  As we usher in the new economy and steer towards a strong post-pandemic economic recovery, we expect the CRD to contribute to providing stimulus for inclusive economic development.