this report in advance of the legislative proposal the commission preparing autumn these issues calling for review of whether member states use ratings for regulatory purposes
This report, in advance of the legislative proposal the Commission is preparing for the autumn, addresses these issues, calling for: a review of whether and how Member States use ratings for regulatory purposes in order to reduce the general over-reliance on them of the financial regulatory system; a detailed impact assessment and viability study on the costs, benefits and potential governance structure of a fully independent European Credit Rating Foundation; the exploration of establishing a truly independent European Credit Rating Agency; the establishment of a European Rating Index which incorporates all ratings of registered CRAs that are available on the market.
This report, in advance of the legislative proposal the Commission preparing autumn, these issues, calling for: review of whether Member States use ratings for regulatory purposes in order to reduce the general over-reliance on them the financial regulatory a detailed assessment and viability the benefits structure of a independent European Credit Rating Foundation; exploration of establishing a truly independent European Credit Rating Agency; the of a European Rating Index which incorporates all ratings of registered CRAs are available on market.