IOSCO: Good practices on reducing reliance on CRAs in asset management
IOSCO has published this final report, which provides a set of good practices for reducing over-reliance on external credit ratings in the asset management industry and sets out eight good practices that asset managers may consider when resorting to external ratings. In addition, IOSCO recommends that FSB considers potential ways to reduce possible investor overreliance on external ratings as a result of references in regulatory requirements.
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