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 principles were implemented in different legislation.
Find here EACRA's response to this consultancy