IMPROVING THE MANAGEMENT EFFICIENCY OF BANKING INSTITUTIONS THROUGH INTERACTION WITH CREDIT BUREAU

Emerging financial crises adversely affect the activities of banking institutions, which requires additional measures of the bank aimed at allocating resources with a minimum level of risk. Developed at the legislative level mechanism of interaction between credit bureaus and bank institutions will help to avoid losses and reduce the risk of damages in the implementation of credit operations. The study proposes to resolve some issues of improving the legislative and regulatory framework on the interaction of the bank lending segment and credit bureaus. The research results can be taken into account when making changes and additions to the current legislative framework. Banking institutions need to interact with credit bureaus, which specialize in collecting and storing information about borrowers. But there are problematic aspects observed in the functioning of the credit bureaus in the Russian Federation, which are analyzed in the article. The theme direction of the study is relevant, since when issuing credit funds a banking institution should minimize the risk of default.