IOSCO launched a public consutlancy on "Regulatory Implementation of the Statement of Principles Regarding the Activities of Credit Rating Agencies". The pricniples included the quality and integrity in the rating process, independence and avoidance of conflict of interest, transparency and timeliness of rating disclosure, confidential information. The document provides a high-level review on how these […]
EACRA publishes its comments and concerns with reference to ISO Draft International Standard ISO/DIS 10674 on Rating Services – Assessment of creditworthiness of non-listed entities.
In July, CESR launched a public consultation with respect a Pan-European Access to Financial Information disclosed by Stock Listed Companies. Currently, stock listed companies report information only at national level and no European access to the information is avalailable. Please find below the answer from our Association
On February 24th, IOSCO published the report on the „Regulatory Implementation of the Statement of Principles Regarding the Activities of Credit Rating Agencies“, which reviewed CRA supervisory initiatives in Australia, the European Union (EU), Japan, Mexico, and the United States. The review found that while the structure and specific provisions of the different programs […]
As a follow-up on the new US Financial legislation, the US Department of the Treasury, the Federal Reserve System and the US Federal Deposit Insurance Corporate have issued an Advance Notice of Proposed Rulemaking Regarding Alternatives to the Use of Credit Ratings Agencies in the Risk-Based Capital Guidelines of the Federal Banking Agencies. Please find […]
EACRA publishes its comments and concerns regarding the consultation process based on Basel Committee on Banking Supervision's document 'Strengthening the resilience of the banking sector', focused on section 'Addressing reliance on external credit ratings and minimising cliff effects'
EACRA publishes its views and comments with reference to CEBS Consultation Paper No. 37 on CEBS draft revised guidelines on the recognition of ECAIs.