Workshop 7 "Can Risk-based Pricing Work in the Absence of Comprehensive Credit Reporting?" Workshop outline A key element in the ability of financial institutions to charge different prices depending on the differing levels of risk is the availability of extensive information on the credit histories of potential borrowers. In the U.S., credit reporting agencies have extensive information, both positive and negative, about most aspects of individual credit histories. Credit reporting agencies in Europe have much less information and the absence of such information casts doubt on the ability of financial institutions to objectively assess the risk of personal loans. One danger of using risk-based pricing without extensive individual credit histories is that credit granting decisions will be based on group membership (i.e. race, gender or residential location), a practice that many would consider unethical. In this workshop, the implications of risk-based pricing, both for borrowers and lenders, will be explored. PANEL SPEAKERS WILL BE: Melina Mouzouraki, EKPITO Athens (Chairperson); Susan Crichton, GE Consumer Finance, Europe; Harro Norder, NVVK; Anne-Lise Evrard, Test-Achats; Dieter Korczak, GP Munich (EU-Project Access to Finance); Emmanuel Masset-Denèvre, INC, Paris. ID: 37244 Author(s): iff Publication date: 29/04/06     Introduction abstract by Melina Mouzouraki (10994 Bytes)

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