European Supervisory Authorities issue report on reducing reliance on credit ratings
The Joint Committee of the three European Supervisory Authorities (ESAs) has today published a Report on good supervisory practices for reducing sole and mechanistic reliance on credit ratings. The Report is directed at the nationally appointed Sectoral Competent Authorities (SCAs) for a wide range of financial institutions, such as credit institutions, investment firms, asset management companies and insurance undertakings.
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