Featured Product

    ESMA on Availability and Use of Credit Rating Information and Data

    March 30, 2020

    ESMA published a Call for Evidence on the availability and use of credit rating information and data. The purpose of this Call for Evidence is to gather information on the specific uses of credit ratings as well as on how the users of credit ratings are accessing this information. Feedback to this call for evidence will enable ESMA to map the principal activities (regulatory and otherwise) undertaken by various types of users of credit ratings. Based on the feedback, ESMA will publish a report describing the current disclosure practices of credit rating agencies, including via third-party data service providers, as well as the consumption patterns of rating users. The call for evidence is open until August 03, 2020.

    The Credit Rating Agencies Regulation (or CRA Regulation) aims to ensure that credit ratings used in EU are independent, objective, and of adequate quality. The CRA Regulation, among other measures, requires that only credit ratings that are issued by registered rating agencies or endorsed in accordance with the CRA Regulation can be used for regulatory purposes in EU, such as for the calculation of capital requirements. However, credit ratings are used for many other purposes or activities. With this Call for Evidence, ESMA aims to map the principal activities (regulatory and otherwise) undertaken by various types of users in which credit ratings are required as an input. ESMA aims for each activity, such as risk management, market research, and regulatory reporting, to identify users’ specific rating data needs (for example, format, frequency, scope, and downloadability) and how these needs correspond with the information that is provided on the European Rating Platform and on the public websites of the credit rating agencies. The Call for Evidence also aims to understand why users choose to subscribe to third-party data fee service providers instead of relying on the information published free of charge on the websites of European Rating Platform and credit rating agencies.

     

    Related Links

    Comment Due Date: August 03, 2020

    Keywords: Europe, EU, Banking, Securities, Call for Evidence, European Rating Platform, CRA Regulation, CRAs, Credit Rating Agencies, ESMA

    Related Articles
    News

    BCBS Amends Capital Treatment of Non-Performing Loan Securitizations

    BCBS published a technical amendment to the capital treatment of securitizations of non-performing loans by banks.

    November 26, 2020 WebPage Regulatory News
    News

    BoE to Move Statistical Data Collection to BEEDs Portal

    BoE announced that the Data and Statistics Division is planning to move collection of statistical data to the BoE Electronic Data Submission (BEEDS) portal.

    November 25, 2020 WebPage Regulatory News
    News

    APRA Updates Reporting Standards and Guidance for EFS Data Collection

    APRA published the updated reporting standards and guidance for the collection of Economic and Financial Statistics (EFS), following a consultation process. Also published was a response letter to the feedback received on the proposal for amending the EFS reporting standards and guidance.

    November 24, 2020 WebPage Regulatory News
    News

    EC Consults on Criteria for Environmentally Sustainable Activities

    EC is consulting on a draft delegated regulation to supplement the Taxonomy Regulation (2020/852) by establishing the technical screening criteria for determining the conditions under which an economic activity qualifies as environmentally sustainable.

    November 20, 2020 WebPage Regulatory News
    News

    IFRS Examines Incorporation of Climate Risk Issues into IFRS Standards

    The IFRS Foundation published material highlighting the ways in which existing requirements in IFRS standards require companies to consider climate-related matters when their effect is material to the financial statements.

    November 20, 2020 WebPage Regulatory News
    News

    EBA Analyzes Impact of Unwind Mechanism of Liquidity Coverage Ratio

    EBA published a report analyzing the impact of the unwind mechanism of the liquidity coverage ratio (LCR) for a sample of European banks over a three-year period, from the end of 2016 to the first quarter of 2020.

    November 19, 2020 WebPage Regulatory News
    News

    ECB Outlines Views on Possible Changes to AnaCredit Rule and TLTROs

    In response to questions from a member of the European Parliament, the ECB President Christine Lagarde issued a letter clarifying the possibility of amending the AnaCredit Regulation and making targeted longer-term refinancing operations (TLTROs) dependent on the climate-related impact of bank loans.

    November 19, 2020 WebPage Regulatory News
    News

    IASB Begins First Phase of Post-Implementation Review of IFRS 9

    IASB started the post-implementation review of the classification and measurement requirements in IFRS 9 on financial instruments and added the review as a project to its work plan.

    November 18, 2020 WebPage Regulatory News
    News

    FSB Report Examines Progress in Resolvability of Systemic Institutions

    FSB published a report that examines progress in implementing policy measures to enhance the resolvability of systemically important financial institutions.

    November 18, 2020 WebPage Regulatory News
    News

    EBA Benchmarks National Insolvency Frameworks Across EU

    EBA published a report on the benchmarking of national loan enforcement frameworks across 27 EU member states, in response to the call for advice from EC.

    November 18, 2020 WebPage Regulatory News
    RESULTS 1 - 10 OF 6162