EACRAs response to the EC Consultancy on CRA

Please find attached the repsonse of our association to the European Commission's Consultancy on Credit Rating Agencies launched on Novermber 5th, 2010

CESR issues guidance on assessment of rating methodologies

In accordance with art. 8.3 (related to methodologies and back testing) and art. 21.3(b) of the EU Regulation on Credit Rating Agencies, the Committee of European Securities Regulators provided final Guidance on "common standards for assessment of compliance of credit rating methodologies with the requirements set out in Article 8(3)". Read more on CESR Website...

CESR issues final Guidance on Registration Process

The Committee of European Securities Regulators today issued a Guidance document on a number of important aspects concerning the EU Regulation, including the Registration Process and the information to be provided by CRAs to Regulatory Supervisors. This document follows a public consultation process run in late 2009, based on which the CESR today published also an official feedback statement. Get the Guidance document on CESR Website...

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