External Credit Assessment Institutions (ECAI)

ECAIs play a significant role in the standardised approach and securitisation framework of prudential regulation through the mapping of each of their credit assessments to the corresponding risk weights. The EBA, together with ESMA and EIOPA, has been assigned the task of providing an objective mapping across all ECAIs in order to promote a consistent implementation of CRR across the EU. Importantly, the EBA will also contribute to the implementation of CRR/CRD IV and CRA 3 in assessing overreliance on ratings both by regulators and market participants through the publication of guidelines and reports in cooperation with ESMA and EIOPA, in line with the policy agreed by the Financial Stability Board.

Opinions, Reports and other Publications