CEPS - Centre for European Policy Studies 1 Place du Congrès / Congresplein 1000 Brussels
Following the release of the EU Commission's second modified proposal for a Directive on Consumer Credit, the European Credit Research Institute (ECRI) organises on 2 February 2006 morning a Roundtable Discussion.
CEPS - Centre for European Policy Studies 1 Place du Congrès / Congresplein 1000 Brussels
Credit reporting - the collection of financial information on households and companies - is crucial for the sound functioning of credit markets in Europe.However, credit reporting systems and information collections are still not harmonised.
CEPS - Centre for European Policy Studies 1 Place du Congrès / Congresplein 1000 Brussels
Household indebtedness is rising all over Europe and especially fast in the new EU member countries. The household debt-to-assets ratio for the Euro area has reached historical levels with 33 percent in 2004 (European Central Bank, June 2006). Indebtedness continues to increase from already historical levels.
Membership
The European Credit Research Institute (ECRI) is a think-tank managed by CEPS and has its own board with its own strategy. At present, its funding is based on some combination of research projects and membership fees. ECRI is supported by 10 prestigious members whose primary focus is on payments and consumer loans:
Corporate Members: ACI Worldwide, American Express, BNP Paribas Personal Finance, Cofidis, Credit Agricole SA, Finastra, Klarna, Provident Financial Group, Schufa, VISA.
