European Supervisory Authorities Publishes Final Draft Implementing Technical Standards On Mapping Of Credit Assessments By External Credit Assessment Institutions
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On November 11, 2015, the EBA, European Securities and Markets Authority and European Insurance and Occupational Pensions Authority published two final draft ITS on the mapping of credit assessments...
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On November 11, 2015, the EBA, European Securities and Markets
Authority and European Insurance and Occupational Pensions
Authority (known as the Joint Committee of the European Supervisory
Authorities) published two final draft ITS on the mapping of credit
assessments to risk weights of External Credit Assessment
Institutions under the CRR and Solvency II Directive. The ITS aim
to ensure sound credit assessments to encourage financial stability
in the EU and determine an objective approach for attributing risk
weights to the assessment of ECAIs. The final ITS will replace the
Committee of European Banking Supervisors' guidelines on the
recognition of ECAIs as well as the existing mappings of ECAIs'
credit assessments issued by national regulators. The final draft
ITS have been submitted to the European Commission for
endorsement.
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European Supervisory Authorities Publishes Final Draft Implementing Technical Standards On Mapping Of Credit Assessments By External Credit Assessment Institutions
European UnionFinance and Banking
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Our success is built on our clients’ success. We have a long and distinguished history of supporting our clients wherever they do business, from major financial centers to emerging and growth markets. We represent many of the world’s leading corporations and major financial institutions, as well as emerging growth companies, governments and state-owned enterprises, often working on ground-breaking, precedent-setting matters. With a deep understanding of our clients' businesses and the industries they operate in, our work is driven by their need for outstanding legal and commercial advice.
