CESR consults on a central repository for Credit Rating Agencies

09 July 2009

The purpose of this consultation document is to seek comments on the conclusions CESR has drawn for setting common standards for presentation of historical and performance information and for the design of the potential output from the CRep. 

On 12 November 2008, the European Commission published a Draft Regulation on credit rating agencies (CRAs). It is expected to enter into force by October 2009 and to apply by March 2010.

According to this Draft Regulation, CESR will be required to discharge important co-ordination and advisory functions alongside its traditional role of promoting convergence through Level 3 guidelines and recommendations.

The purpose of this consultation document is to seek comments on the conclusions CESR has drawn for setting common standards for presentation of historical and performance information and for the design of the potential output from the central repositary.

Deadline for comments is Friday, 7 August 2009

Consultation Paper

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