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Guidelines on the recognition of External Credit Assessment Institutions
CEBS reviewed its Guidelines on the recognition of ECAIs to clarify that for Credit Rating Agencies (CRAs), which are registered under the Regulation on CRAs, the only criteria that should be assessed in the ECAIs’ initial recognition process and on-going review are the technical criteria on ‘Credibility and Market Acceptance’ and ‘Transparency and Disclosure’ with respect to their individual credit assessments.
Guidelines on Stressed Value-At-Risk (Stressed VaR)
Guidelines regarding revised Article 3 of Directive 2006/48/EC
Guidelines on the recognition of External Credit Assessment Institutions
Guidelines on Supervisory Disclosure
Guidelines on supervisory disclosure (revised)
Guidelines for cooperation between consolidating supervisors and host supervisors
These guidelines are designed to promote an efficient supervisory framework for groups that operate in several EU jurisdictions and, in particular, at enhancing cooperation between consolidating supervisor and host supervisors. They contain sections on general cooperation, distinguishing between subsidiaries and branches, and guidance related, among other things, to the approval process of model validation. These guidelines are the starting point of substantial developments in the supervision of cross –border groups and have let to the establishment of operational network mechanisms.