A European Perspective on Consumer Loans and the Role of Credit Registries: the Need toReconcile Data Protection,Risk Management,Efficiency, Over-indebtedness,and a Better Prudential Supervision of the Financial System |
| |
Authors: | Federico Ferretti |
| |
Institution: | (1) Brunel Law School, Brunel University, London, UK |
| |
Abstract: | The paper examines the role of credit registries in the context of European consumer credit markets and the current policies
of the EU in this area. It attempts to show the institutional challenges relating to some competing rights or interests amongst
consumers and financial institutions and the need for a strengthened prudential supervision of the financial system as evidenced
by the recent crisis whose effects have spread into the global economy. In particular, it shows that there is a conflict between
the right to data protection of consumers, the risk management interests of lenders, and the prudential supervision of the
credit system. The ultimate goal, thus, is to present some weaknesses of the current arrangements and to put forward a proposal
that is probably controversial but that is intended to stimulate a debate from an alternative policy perspective that is wider
than the current one. |
| |
Keywords: | |
本文献已被 SpringerLink 等数据库收录! |
|