Following the European Commission’s additional request for CESR to review several aspects of the rating process regarding structured finance instruments (Ref.CESR/07-608), and after analysing the responses from market participants to CESR’s Consultation Paper (Ref.CESR/08-036), CESR is now publishing its final report to the European Commission including CESR’s policy proposal in relation to Credit Rating Agencies (CRAs).
This Report is accompanied by a Press Release.