CESR Publishes Its Report To The Commission And The EFC On The Compliance Of EU Based Credit Rating Agencies With The 2008 IOSCO Code Of Conduct

As a follow up to the Group of Twenty (G20) conclusions of November 2008 and of the European Commission Communication on Credit Rating Agencies (CRAs) of March 20061, CESR has been asked to report to the European Commission and the Economic and Financial Committee of the European Union (EFC) on the progress made by EU based CRAs towards compliance with the revised International Organisation of Securities Commission’s Code of Conduct for CRAs (IOSCO Code) published in May 2008. CESR has also been asked to report any significant developments or risks that it identifies from this work which might have an impact on rating activity in the EU.

This report is published in the section Expert Groups/Credit Rating Agencies, and is available via the following link.