The International Organization of Securities Commissions has published for consultation a report titled Good Practices on Reducing Reliance on CRAs in Asset Management: see here (pdf). The consultation seeks to identify specific practices to reduce over reliance on external credit ratings; once agreed, the finalised good practices document will be addressed to national regulators, investment managers, and investors.
Wednesday, 11 June 2014
IOSCO consults on good practices on reducing reliance on CRAs in asset management
The International Organization of Securities Commissions has published for consultation a report titled Good Practices on Reducing Reliance on CRAs in Asset Management: see here (pdf). The consultation seeks to identify specific practices to reduce over reliance on external credit ratings; once agreed, the finalised good practices document will be addressed to national regulators, investment managers, and investors.
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