On 29 April 2014, the European Banking Authority ("EBA") updated its webpage on the consultation on implementing technical standards ("ITS") on the mapping of External Credit Assessment Institutions ("ECAIs") credit assessments by extending the deadline for responses to the consultation from 5 May 2014 to 20 June 2014. The ITS include proposed mapping for all credit rating agencies registered under the EU Credit Rating Agency Regulation. The ITS are mandated under the Capital Requirements Regulation and the EBA is due to provide final draft ITS to the European Commission by 1 July 2014.
The webpage is available at: http://www.eba.europa.eu/regulation-and-policy/external-credit-assessment-institutions-ecai/draft-implementing-technical-standards-on-the-mapping-of-ecais-credit-assessments.
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