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The Joint Forum Stocktaking on the use of credit ratings
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In its report to the G7 titled Report of the Financial Stability Forum on Enhancing Market and
Institutional Resilience,
1
the Financial Stability Forum (FSF) requested the Joint Forum to
conduct a stocktaking of the uses of external credit ratings by its member authorities in the
banking, securities and insurance sectors. The request also suggested that authorities
review whether their regulations and/or supervisory policies unintentionally give credit ratings
an official seal of approval that discourages investors from performing their own due
diligence.
2
To implement the FSF request, the Joint Forum Working Group on Risk Assessment and
Capital (JFRAC) prepared and...
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The Joint Forum Stocktaking on the use of credit ratings
Nội dung trích xuất từ tài liệu:
The Joint Forum Stocktaking on the use of credit ratings
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