Category: Registrations
Registration is the action or process of registering or of being registered with the result that information, especially a name, is put into an official list or record. Under some jurisdictions, some kinds of rating agencies are required to register. The applicant is requested to submit a substantial amount of information on, inter alia, its business plans, resourcing arrangements, governance structures, policies and procedures for ensuring compliance with the regulation, as well as their rating methodologies. The authority carries out a detailed analysis of whether the applicant’s proposal fully meets the requirements of the regulation. At the end of the assessment, the decision on whether the applicant is given registered status is made by a board of supervisors or committee. A fee might be payable at outset of the registration process.
Scope Group Not Within the Scope of ESMA
The scandal surrounding Greensill Bank and the credit rating of Scope Ratings GmbH for this bank raises the question of how the situation at the Scope Group got out of control.
How To Run A Credit Reporting Agency In China
The People’s Bank of China issued a Draft for comments on “Measures for the Administration of Credit Investigation Services“. It is intended to regulate the credit investigation business and related activities, and promote the healthy […]
S&P And Moody’s Are Losing Market Share in the EU
For the first time, the European Securities and Markets Authority ESMA has reported a decline in market shares in Europe for both of the major US rating agencies. The authority thus discloses a remarkable development. […]
How the Authority Determines Whether a Board Member Has Sufficient Time
Within the scope of the Banking Act, the notification of intent to appoint a management board member must include the material facts for an assessment of whether sufficient time is available for the performance of […]
Management Board Members Must Submit a Certificate of Good Conduct for Official Purposes
Depending on their nationality and place of residence, management board members must submit the original copy of a “certificate of good conduct for presentation to a German authority (certificate of good conduct for official purposes)” […]
Data for Bank Management Board Member’s Reputation Rating
The German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht – BaFin) provides some insights into what kind of data is used to establish a bank management board member’s reputation rating in its Guidance Notice on […]
Professional and Personal Requirements for Persons Appointed as Management Board Members
The Federal Financial Supervisory Authority of Germany (Bundesanstalt für Finanzdienstleistungsaufsicht – BaFin) provided a Guidance Notice on management board members pursuant to the German Banking Act (Kreditwesengesetz – KWG), the German Payment Services Supervision Act […]
30 Registered Credit Rating Agencies in China
The credit rating industry in China has a history of more than 30 years. According to the “Interim Measures for the Administration of the Credit Rating Industry”, which came came into force on December 26, […]
Recognized Credit Rating Agencies
There are almost 200 countries in the world. Many countries do not have specific regulations on rating activities, but most industrialized countries do have laws on Credit Rating Agencies (CRAs). Credit Rating Agencies are required […]
Recognized Credit Rating Agencies in Russia
ACRA Analytical Credit Rating Agency The Russian Government set a minimum credit rating for banks that service federal budget funds (the document is published on the official website of the Russian Federation Ministry of Finance […]
National Securities and Stock Market Commission of Ukraine Registered Credit Rating Agencies
In Ukraine, a person acquires the right to define ratings from the date of the issuance of the Certificate on Inclusion into The State Register of Authorized Rating Agencies.
Banco Central de Uruguay Registered Credit Rating Agencies
Here is a list of Credit Rating Agencies registered by the Banco Central de Uruguay:
Monetary Authority of Singapore Encourages Ratings By Singapore-dollar Credit Rating Grant
The European Commission’s decision to repeal the equivalence status for Singapore Credit Rating Agencies does not impact the operations of Credit Rating Agencies in Singapore. As confirmed by the European Commission, Credit Rating Agencies in […]
Securities and Exchange Commission Thailand Approved Credit Rating Agencies
The following rating agencies shall be Credit Rating Agencies approved by the Office of the Securities and Exchange Commission of Thailand to issue credit rating for instruments or businesses related to issuance and offer for […]
Comisión Nacional Bancaria y de Valores Supervised Credit Rating Agencies
Comisión Nacional Bancaria y de Valores (CNBV) main function is to inform the market about the real risks that the investing public faces in financial intermediation. Regulation is essential for greater transparency in its actions […]
Suruhanjaya Sekuriti Securities Commission Malaysia Committed to Allow ASEAN-Owned Credit Rating Agencies in Malaysia
Under the Working Committee on Financial Services Liberalisation, the Association of South-East Asian Nations (ASEAN) completed the Eighth Package of Financial Services Commitments (Eighth Package), which was signed by the Association of South-East Asian Nations […]
Superintendencia de Compañías, Valores y Seguros Reports Credit Rating Agencies
The Superintendency of Companies, Securities and Insurance of Ecuador, Superintendencia de Compañías, Valores y Seguros (SC), listed on August 6, 2020 the following Credit Rating Agencies:
Signed Up Credit Rating Agencies At SUGEVAL
The Superintendencia General de Valores (SUGEVAL) is the supervisor of Calificadoras de Riesgo, Credit Rating Agencies in Costa Rica. Here is a complete list of Credit Rating Agencies enrolled in Costa Rica as of August […]
Securities and Exchange Commission of Brazil Recognized Credit Rating Agencies
Here are all recognized Credit Rating Agencies with name, address, district, city, state, postal addressing code, direct distance dialing, phone, fax, names of the risk rating director and internal controls director, registration date, Brazil national […]
Australian Securities and Investments Commission Licensed Credit Rating Agencies
The Australian Securities and Investments Commission (ASIC) published an information sheet (INFO 143) for credit rating agencies providing services in Australia. It gives guidance on the meaning of certain conditions that apply to these credit […]
Financial Sector Conduct Authority Registered Credit Rating Agencies in South Africa
The Credit Rating Agencies listed below have been registered in accordance with Section 5(1) of the Credit Rating Services Act, 24 of 2012 in South Africa. The list is published by the Financial Sector Conduct […]
Canadian Securities Administrators Designated Rating Organizations
The Canadian Securities Administrators identified Designated Rating Organizations, and imposed requirements on credit rating organizations wishing to have their credit ratings eligible for use in securities legislation. The rule of the Canadian securities regulators establishes […]
Comisión Nacional de Valores República Argentina Registered Credit Rating entities
Credit Rating Agencies are those entities that are dedicated to making risk ratings. In Argentina, entities must be registered with the Comisión Nacional de Valores in order to carry out the activity and they can […]
Bangladesh Securities and Exchange Commission Registered Credit Rating Agencies
The following Credit Rating Agencies are registered by the Bangladesh Securities and Exchange Commission:
Securities and Exchange Commission of Pakistan Registered Credit Rating Companies
An application for permission to form a credit rating company by persons meeting the eligibility criteria accorind to the Credit Rating Company Regulations shall be made to the Securities and Exchange Commission of Pakistan along […]
Securities and Exchange Board of India Registered Credit Rating Agencies
A credit rating agency whose application for grant of a certificate of permanent registration has been refused by the Securities and Exchange Board of India shall cease to undertake any credit rating activity. Here is […]
Securities & Exchange Organization of Iran Registered Credit Rating Agencies
The Securities & Exchange Organization of Iran publishes lists of certified financial institutions in the Islamic Republic of Iran. On July 28, 2020, these Credit Rating Agencies were on the list:
Finma Authorized Credit Rating Agencies
The Swiss Financial Market Supervisory Authority FINMA supervises financial institutions making use of the services of Credit Rating Agencies, e.g. for the capital-adequacy calculations carried out by banks. Supervised institutions can use ratings to meet […]
Financial Services Agency of Japan Authorized Credit Rating Agencies
The purpose of supervising Credit Rating Agencies in Japan is, in view of specific problems in their governance, to ensure the appropriate business operations of Credit Rating Agencies in Japan, and to bring about the […]
Capital Markets Authority of Saudi Arabia Authorized Credit Rating Agencies
As in many other countries, the work of Credit Rating Agencies has been regulated in the Kingdom of Saudi Arabia, since ratings are referenced in various ways in the financial system. It is therefore necessary […]
U.S. SEC NRSRO
The Office of Credit Ratings (OCR) assists the U.S. Securities and Exchange Commission (US SEC) in executing its responsibility for protecting investors, promoting capital formation, and maintaining fair, orderly, and efficient markets through the oversight […]
ESMA Authorized Credit Rating Agencies
In the period leading up to the financial crisis in 2008, 2010 and so on, the European Commission considered to strengthen the regulatory and supervisory framework for Credit Rating Agencies (CRAs) in the European Union (EU), […]
Legal Issues in Ratings
Ann-Kristin Achleitner and Oliver Everling (Editor): Legal Issues in Ratings: Fundamentals and Implications of Ratings for Agencies, Investors and Companies Advised, Betriebswirtschaftlicher Verlag Th. Gabler, Wiesbaden 1st edition November 2005, http://www.gabler-verlag.de, hardcover, 470 pages, ISBN […]