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Mechanisms to share credit information, known as credit bureaus, reduce the effects of asymmetric information in the credit industry. When private credit bureaus do not spontaneously emerge, financial authorities often form a Public Registry of Credit Information (PRCI). The international experience that we present shows that there is a tight relationship between the development of the credit market and that of the mechanisms to share information. It also shows that countries with private bureaus have a more developed information system than those with a PRCI; additionally, there is a trend towards industry concentration. In Mexico, both the credit Market and the mechanisms to sare information have exhibited limited development. The Central Bank has managed a limited coverage PRCI since 1964; nevertheless, the credit expansion of the early nineties highlighted grave constraints in credit information. Consequently, from 1993 to 1998, financial authorities issued regulations to promote the entry of private bureaus.Three firms entered the market, but only one of them, the Credit Bureau (CB) has remained active. This firm is the result of a partnership between Mexican commercial banks, Trans Union and Dunn and Bradstreet. Based on Mexican banks’ information and demand, the CB Has grown rapidly, displacing the PRCI and filling part of the vacuum that exited at the level of consumer credit information. The BC’s expansion has not resulted from an increase in credit, since there has been little generation of new information. Hence, it is feasible that this growth will reach a limit in the short run. This means that for the industry to develop, credith as to expand; additionally, if credit increases, the chances of competition in the credit information industry will grow.// Los mecanismos para compartir informacion crediticia, denominados buros de credito o sociedades de informacion crediticia (SIC), permiten enfrentar los problemas de informacion asimetrica que caracterizan esta industria. Dadas las virtudes de estas instituciones, cuando no surgen espontaneamente, las autoridades financieras suelen formar un registro publico de informacion crediticia (RPIC) de participacion obligatoria. La experiencia internacional muestra que existe una estrecha relacion entre la profundidad del mercado de credito y el desarrollo de mecanismos para compartir informacion, indica tambien que los paises que poseen buros de origen privado cuentan con mayor profundidad informativa que los que posen un RPIC. Ademas, en los paises que se presentan en el estudio se observa una tendencia hacia la concentracion de la industria. En Mexico el mercado de credito es reducido, por lo que los mecanismos de informacion han presentado un desarrollo limitado. Aunque desde 1964 el Banco de Mexico ha operado un RPIC de cobertura restringida, la expansion del credito de principios de los anos noventa evidencio severas restricciones informativa. Por ello, de 1963 a 1980, las autoridades conformaron un regulacion que promueve la entrada de SIC privadas. De las empresas que han entrado al mercado solo una, el Buro de Credito (BC), ha permanecido activa. El BC es resultado de la asociacion de los bancos comerciales mexicanos con empresas internacionales de informacion. Esta SIC ha mostrado un gran dinamismo, desplazando al RPIC y cubriendo el vacio de informacion de personas fisicas. Puesto que la expansion del BC no obedece a la generacion de nuevos creditos y,por ende, de nueva informacion, es factible que enfrente un limite en el corto plazo. Esto significa que es necesario reactivar el credito para que la industria de informacion se desarrolle. Ademas,en la medida en que el mercado de informacion se expanda, se ampliaran las posibilidades de competencia entre SIC.

Mecanismos para compartir información crediticia. Evidencia internacional y la experiencia mexicana