Ensuring independence and objectivity is at the very heart of the EU Credit Rating Agency Regulation.
This new Educational Series illustrates the four lines of defence that safeguard these principles across all levels of a credit rating agency – from analysts to boards:
1. Credit Rating Activities
2. Compliance & Review Functions
3. Internal Control Function
4. Administrative or Supervisory Board
Each layer contributes to maintaining the integrity and transparency of the credit rating process – ensuring that opinions on credit risk remain free from conflicts of interest or external influence.
💡 From analysts to boards, every level plays a role in protecting the independence and objectivity of credit ratings under the EU CRA Regulation.
