Guidelines on the recognition of External Credit Assessment Institutions

status: Repealed

These guidelines set a common approach to the recognition of External Credit Assessment Institutions (ECAIs) under the Capital Requirements Directive (CRD) and they establish procedures for recognising both local and cross-border ECAIs. These procedures include a “joint assessment process” which streamlines the recognition of cross-border ECAIs, thereby enhancing supervisory efficiency and reducing administrative burdens for institutions and ECAIs.

Press Release