CESR publishes a Feedback statement on CESR consultation on common standards for assessment of compliance of credit rating methodologies

14 September 2010

The statement regards the Consultation on Guidance on Common Standards for Assessment of Compliance of Credit Rating Methodologies with the Requirements set out in Article 8.3.

CESR was asked to clarify the distinction between a material change to a methodology– which could represent a major departure from the current approach, but impact relatively few ratings– and a change that has a material impact –for example in terms of the number of affected ratings.

Full statement

 

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