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CESR published the responses to the questions it asked for additional information to the four CRAs which have agreed to be part of CESR’s voluntary framework.
The questions dealt with the following areas of the structured finance market:
- Transparency of rating methodologies;
- Human resources allocated to rating and monitoring;
- Periodic monitoring of the ratings;
- Methodology changes;
- Potential conflicts of interest (i.e. remuneration structures of CRAs).