Members News Position papers

EACRA repsonse to US Federal Reserve on Alternatives to Ratings

  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 below the response from our association: