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IOSCO consults on sound practices at large intermediaries for assessing credit risk

  • Securities - IOSCO Image

May 07, 2015

On May 7, 2015, the International Organization of Securities Commissions published the consultation report on Sound Practices at Large Intermediaries: Alternatives to the Use of Credit Ratings to Assess Creditworthiness.

The report proposes 13 sound practices for large market intermediary firms to consider in the implementation of their internal credit assessment policies and procedures. IOSCO believes that identifying sound practices regarding the suitable alternatives to credit ratings for assessing credit risk should reduce the potential overreliance of large intermediaries on credit rating agencies (CRAs). In turn, this reduction would help increase investor protection, while contributing to market integrity and financial stability.

Download the report.

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