EBA, EIOPA and ESMA report on good supervisory practices for reducing sole and mechanistic reliance on credit ratings
European Banking Authority, European Insurance and Occupational Pensions Authority and European Securities and Markets Authority final report to assist sectoral supervisory authorities to: i) monitor adequacy of their supervised entities' credit risk assessment processes; ii) assess the use of contractual references to credit ratings; and iii) encourage them to mitigate the impact of any such references.
Publisher:
Regional Standard-Setting Bodies
Release date:
Dec 2016
Type:
Supervisory Practice
Topics:
Credit risk, Asset classification and provisioning
Sectors:
Banking, Insurance, Pensions, Securities
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