Banco de España extends its pilot credit data program to Valencian companies

Banco de España expands its pilot program for credit information exchange

Banco de España has extended its pilot initiative of collaboration with large companies to València to strengthen the ICAS BE credit assessment system. The program, which began in June in Madrid and Barcelona, seeks to improve the quality of the information used in credit risk analysis through the voluntary exchange of data.

This expansion phase includes specific presentations aimed at Valencian companies, with the objective of incorporating a greater volume of updated and detailed information. The focus is on enhancing the robustness of the assessment model without implying regulatory obligations for participants.

Implications for the financial sector

The measure is part of the institution's ongoing efforts to modernize its supervisory and macroprudential analysis tools. By having more precise and updated data, Banco de España will be able to offer a more complete view of the credit landscape in the country.

The pilot program is being developed in a context of monetary stability in the eurozone, where credit information plays a key role in decision-making by financial entities and regulators.