Expanded access to borrower data eyed

The Bangko Sentral ng Pilipinas (BSP) is proposing a new framework that will give accredited financial institutions and credit information providers broader access to borrower data to better manage risk and expand access to financing. In a draft circular released for public consultation, the BSP proposed an Open Access Framework that would enable authorized entities to access credit information through the central bank’s Credit Information Management System (CRIMS). “The Bangko Sentr