Brazil c bank to upgrade credit system in 90 days

The central bank of Brazil's upgraded credit information system will gather information about all loans above 5,000 reais (US$1,760), compared to a minimum of 20,000 reais in the current system. It will also bring a detailed track record of borrowers and the kind of loans they contracted from each bank.

Source: Business News Americas

The upgraded credit information system Brazil's central bank plans to launch in 90 days will not be enough to reduce lending risks and bring banking spreads signif