CEBS: Supervisors agree on External Credit Assessment Institution

25 April 2007

The eleven competent supervisory authorities have reached a shared view on DBRS' eligibility for regulatory capital purposes and on the mapping of its credit assessments. DBRS informally applied for recognition as an eligible external credit assessment institution (ECAI) in the context of the Capital Requirements Directive.

On the basis of the information provided by the ECAI, all eleven competent authorities share the view that their credit institutions and investment firms could use DBRS ratings for determining the risk weights of their exposures for the purpose of the Standardised approach the securitisation Ratings Based Approaches. Competent authorities have also reached agreement on the mapping.

The shared view is informal but forms a strong basis upon which, coherently with their national legal framework, competent authorities will take their final decision on the formal recognition in each jurisdiction.

Press release
DBRS Mapping

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