{"id":2496,"date":"2022-08-16T21:58:09","date_gmt":"2022-08-16T21:58:09","guid":{"rendered":"http:\/\/anbc.org.br\/?p=2496"},"modified":"2024-03-09T22:02:34","modified_gmt":"2024-03-09T22:02:34","slug":"positive-registration-spread","status":"publish","type":"post","link":"https:\/\/anbc.org.br\/en\/avanco-do-cadastro-positivo-spread\/","title":{"rendered":"Positive registration advances: \"We can't change interest rates, but we can change the spread\""},"content":{"rendered":"

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Source:\u00a0https:\/\/ibre.fgv.br\/<\/a>\u00a0|\u00a0Posted by\u00a0<\/span>Economic climate<\/a>\u00a0|\u00a0Elias Sfeir, president of the National Association of Credit Bureaus (ANBC) | By Solange Monteiro, from Rio de Janeiro<\/em><\/span><\/p>\r\n

Identified as one of the major advances on the microeconomic agenda in recent years - along with measures such as the introduction of the electronic duplicate - the Positive Registry (CP) is moving forward with the inclusion of databases that make it possible to assess the payment capacity of people who currently don't have a credit rating, or to improve the assessment of those who already do. \u201cBefore, we only had negative information, a snapshot. The positive record is a film in time, which relativizes this default information according to the behavior of individuals and companies in relation to credit. This promotes a more flexible and fair evaluation,\u201d says Elias Sfeir, president of the National Association of\u00a0Bureaus<\/em>\u00a0de Cr\u00e9dito (ANBC).<\/p>\r\n

The law of\u00a0Positive data<\/strong>\u00a0is from 2011, but it wasn't until 2019, with the change in legislation - which, among other things, allowed the automatic inclusion of people who have loans, installment purchases or consumer accounts - that efforts to strengthen the Register were stepped up. The first sources came from financial institutions - today 145 share their data with the CP. Then came the telecommunications companies' databases, seven in all, which brought together millions more records of individuals and companies. Sfeir says that, with the arrival of telecoms alone, 12.6 million individuals and companies that didn't have a credit rating were included in the system, which today includes 126 million individual records among the economically active population.<\/p>\r\n

The effort is now focused on attracting energy and sanitation utilities and companies to the Register. In the energy sector, the first to join was\u00a0EDP<\/strong>, The company, which operates as a distributor in S\u00e3o Paulo and Esp\u00edrito Santo, has 3.5 million customers. \u201cIn this operator alone, we identified that 23% of the base were not seen by the financial system,\u201d says Sfeir. The executive says that\u00a0bureaus<\/em>\u00a0such as the government, the Central Bank and regulatory agencies are united in their efforts to give pace to this incorporation. \u201cIt's not an easy move, as it depends, among other factors, on the technological maturity of each company's operation. But we are confident that we will be able to gain ground,\u201d he says.<\/p>\r\n

The sharing of new bases between consumer accounts will be key, says Sfeir, to increasing the inclusion in the Cadastro of people with no or low relations with financial institutions and access to financing. Especially in the North and Northeast regions, where the presence of the Positive Registry is still low. \u201cThat's what we've seen from the impact of the influx of post-paid cell phone accounts, which is greater in these regions,\u201d he says. Today, the average CP coverage in Brazil is 75%. But while in S\u00e3o Paulo it has already reached 93%, it is 58% in Maranh\u00e3o, for example. The same challenge is observed among individual micro-entrepreneurs (MEIS), where CP coverage only reaches 13%. \u201cThese are businesses that are intertwined with the entrepreneur's life, so expanding the presence among PF is a way of reaching MEIs,\u201d he says.<\/p>\r\n

The president of\u00a0ANBC<\/strong>\u00a0says that since 2019, the expansion of the CP has made it possible for 22.1 million people who were invisible to the financial system, or didn't have a score high enough to take out a loan (above 500 points), to qualify for access to credit. He recognizes that this progress towards consolidating the register came at a positive time for the credit market, in a scenario of low interest rates, feeding a virtuous circle for the sector. \u201cBut if today we can't change the basic interest rate (Selic), we can collaborate to improve the credit market.\u00a0spread<\/em>\u201d he concludes, citing data from the\u00a0World Bank<\/strong>\u00a0which indicate that default accounts for up to 35% of the\u00a0spread<\/em>\u00a0the difference between the interest that financial institutions pay on money invested and the interest charged when taking out a loan.<\/p>","protected":false},"excerpt":{"rendered":"

Follow on Google News Source: https:\/\/ibre.fgv.br\/ | Posted by Conjuntura Econ\u00f4mica | Elias Sfeir, president of the National Association of Credit Bureaus (ANBC) | By Solange Monteiro, from Rio de Janeiro Identified as one of the great advances of the microeconomic agenda in recent years - along with measures...<\/p>","protected":false},"author":1,"featured_media":2497,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"none","_seopress_titles_title":"Avan\u00e7o do cadastro positivo: \u201cN\u00e3o podemos mudar os juros, mas o spread, sim\u201d","_seopress_titles_desc":"Avan\u00e7o do cadastro positivo: \u201cN\u00e3o podemos mudar os juros, mas o spread, sim\u201d","_seopress_robots_index":"","pgc_sgb_lightbox_settings":"","footnotes":""},"categories":[1],"tags":[392],"class_list":["post-2496","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-noticias","tag-spread","blog-post"],"_links":{"self":[{"href":"https:\/\/anbc.org.br\/en\/wp-json\/wp\/v2\/posts\/2496","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/anbc.org.br\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/anbc.org.br\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/anbc.org.br\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/anbc.org.br\/en\/wp-json\/wp\/v2\/comments?post=2496"}],"version-history":[{"count":1,"href":"https:\/\/anbc.org.br\/en\/wp-json\/wp\/v2\/posts\/2496\/revisions"}],"predecessor-version":[{"id":2498,"href":"https:\/\/anbc.org.br\/en\/wp-json\/wp\/v2\/posts\/2496\/revisions\/2498"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/anbc.org.br\/en\/wp-json\/wp\/v2\/media\/2497"}],"wp:attachment":[{"href":"https:\/\/anbc.org.br\/en\/wp-json\/wp\/v2\/media?parent=2496"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anbc.org.br\/en\/wp-json\/wp\/v2\/categories?post=2496"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anbc.org.br\/en\/wp-json\/wp\/v2\/tags?post=2496"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}