Individual View

IOSCO publishes report on global CRA legislation

  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 may differ, the objectives of IOSCO’s CRA Principles are embedded into each of the programs. The principles also provide the building blocks upon which many of the regulatory programs have been based.