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28 April 2014

Commission: CRAs equivalent to EU rules in five countries


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The Commission has adopted five implementing decisions which confirm that the rules in place on credit rating agencies in Argentina, Brazil, Hong Kong, Mexico and Singapore are equivalent to the EU rules on credit rating agencies.


The adoption of these implementing decisions follows the positive technical assessment of the regulatory environments in these jurisdictions by the European Securities and Markets Authority (ESMA), the EU supervisor for credit rating agencies.

The equivalence decisions allow smaller CRAs in these countries to apply for certification in the EU with the result that their ratings can be used by EU financial institutions for regulatory purposes.

All 5 implementing decisions

Press release



© European Commission


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