Pearse Doherty (Donegal South West, Sinn Fein)
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253. To ask the Minister for Finance if the Central Bank of Ireland will outsource the operation of the new credit register; and if he will make a statement on the matter. [4679/15]

Michael Noonan (Limerick City, Fine Gael)
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I am informed by the Central Bank of Ireland that it is nearing the conclusion of a public procurement process to select a partner to build and operate the Central Credit Register (CCR) on its behalf. The strategy pursued has been to seek proposals from experienced operators with:

- a deep understanding of the business processes and specialised data processing involved, in particular, to match data to create a Single Borrower View and to develop reliable matching and credit scoring algorithms;

-a proven capacity to provide and maintain modern IT facilities and information security capabilities; - a reputation for reliability and accuracy.