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07 December 2017

ESA(欧州監督機構)、ECAI(外部信用評価機関)による信用評価と信用クオリティ・ステップとのマッピングに関するITS(適用上の技術的基準)修正案を公表


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The amendments reflect the recognition of five new credit rating agencies (CRAs) and the deregistration of one CRA. The ITS are part of the EU Single Rulebook for banking and insurance aimed at creating a safe and sound regulatory framework consistently applicable across the European Union.


The ITS, developed by the ESAs and adopted by the European Commission on 7 and 11 October 2016, aim at ensuring that only credit ratings issued by External Credit Assessment Institutions (ECAIs) – those credit rating agencies (CRAs) registered under Regulation (EC) No 1060/2009 or central banks issuing credit ratings exempt from the application of the same regulation - can be used for calculating capital requirements of financial institutions and insurance undertakings. To this aim, the three ESAs have specified an approach that establishes the correspondence -or mapping- between credit assessments and the credit quality steps defined in the EU prudential regulation for banking (Capital Requirements Regulation – CRR) and EU insurance regulation (Solvency II Directive).

Since the adoption of these ITS, ESMA has withdrawn the registration of one CRA and five additional CRAs have been recognised. The ITS have, therefore, been amended to reflect the allocation of appropriate risk weights to the newly established ECAIs and to remove the reference to the de-registered ECAI. The mappings for the other 25 ECAIs covered in the ITS remain unchanged.

The ESAs also published individual mapping reports illustrating how the methodology was applied to produce the five additional mappings under the Capital Requirements Regulation (CRR) mandate.

Press release

Final Joint Revised Draft ITS Mapping

Final Joint Revised Draft ITS Mapping Solvency II



© EBA


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