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Subjects / Financial Markets

Newsletter January 2013: Supervisory colleges sought for credit rating agencies

Simon Turmaine | January 15, 2013

MADRID – International regulators are proposing the formation of supervisory colleges for large credit rating agencies with cross-border operations. This would promote information sharing between national supervisory bodies on credit rating agency (CRA) matters and enable collective risk assessments of these agencies to be undertaken, says a consultation paper issued by the International Organisation of Securities Commissions in late December. The Madrid-based IOSCO represents financial market watchdogs in over 100 countries.

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