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On October 12, 2016, a Commission Implementing Regulation containing ITS on the mapping of assessments by CRAs for securitization positions under the CRR...
within Law Department Performance, Insolvency/Bankruptcy/Re-Structuring and Consumer Protection topic(s)
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On October 12, 2016, a Commission Implementing Regulation
containing ITS on the mapping of assessments by CRAs for
securitization positions under the CRR was published in the
Official Journal of the European Union. The CRR permits the risk
weights under the standardized and internal ratings based
approaches for securitization positions to be determined, if
applicable, based on the credit quality of the positions. This
credit quality is determined by reference to credit ratings issued
or endorsed by ECAIs (i.e., CRAs that are registered or certified
under the EU Credit Rating Agency Regulation). The ITS determine
the mapping between credit ratings and the credit quality steps for
the allocation of risk weights set out in the CRR for
securitization positions. The ITS enter into force from November 1,
2016.
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