European Union: External Credit Assessment Institutions (“ECAI”)

On June 28th, 2013, the so called “CRD IV Package” relating to the Capital Requirements of financial institutions was adopted and entered into force on January 1st, 2014. This package includes key changes relating to External Credit Assessment Insititutions (“ECAIs”) status: Article 4 (98) of the EU Regulation 575/2013 (CRR) defines ECAI as a credit […]

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