Nous avons sélectionné les principaux rapports, études ou dossiers publiés en français ou en anglais sur l'économie et la finance mondiale. Nous ne sélectionnons que les documents en accès libre. Entrer le nom désiré dans la boîte de recherche ci-dessous : une complétion automatique vous indique quels articles existent. Cliquer sur le terme voulu, le moteur de recherche vous y emmène directement.
The IOSCO Board requested that its Committee for the Regulation of Market Intermediaries (Committee or C3) examine the reliance on credit ratings by large market intermediaries in member jurisdictions and, most importantly, to identify “sound practices” currently in place at these firms with regard to the use of alternatives to credit ratings to assess creditworthiness (Project). The results of the Project are intended to promote the implementation of the Financial Stability Board (FSB) Principles for Reducing Reliance on CRA Ratings (CRA Principles).
The project specification stated that the Committee would work to gain an updated understanding of where member jurisdictions currently stand in connection with the reduction of reliance on credit ratings for market intermediaries in line with the CRA Principles. It further anticipated the development of a questionnaire to large intermediaries for the purpose of eliciting facts on their current practices relating to the standards, procedures, and methodologies they use to assess the creditworthiness of investment products and counterparties, as alternatives to mechanistic reliance on external credit rating agency (CRA) ratings. In addition, the project mandate contemplated that the Committee would convene up to two roundtables with large intermediary industry representatives to elicit their views on alternatives to the use of CRA ratings.
The Committee was further requested to identify sound practices that market intermediaries could potentially consider implementing in connection with their internal credit risk management processes and procedures. These sound practices could also potentially inform ongoing and future regulatory reform.