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MoF-BB |
- Conduct periodic review of the initiatives including continuous increase of the CIB coverage by adding credit information data from utilities, cell phone providers, retailers and microfinance institutions through necessary legislative change of the BB Order 1972.
- Ensure distribution of more than two years of historical credit information data to benefit borrowers with strong credit track record.
- Amend Bank Company Act 1991 and BB Order 1972 to allow private firms and individuals to access their own credit information.
- Enact the “Secured Transaction Bill” to allow “Movable Collateral Registry”.
- Introduce a notice-based collateral registry that covers any type of transaction, does not require registration of underlying documents and permits, and allows searches, and amendments online.
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