Monday, May 19, 2008

CESR delivers its second report on Credit Rating Agencies

CESR delivers its second report on Credit Rating Agencies, advising the European Commission to take steps and offering its proposal to enhance the integrity and quality of the rating process

Following the European Commission’s additional request for CESR to review several aspects of the rating process regarding structured finance instruments (Ref.CESR/07-608), and after analysing the responses from market participants to CESR’s Consultation Paper (Ref.CESR/08-036), CESR is now publishing its final report to the European Commission including CESR’s policy proposal in relation to Credit Rating Agencies (CRAs).

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