Book traversal links for F. Credibility
F. Credibility
C 52/2017 STA Effective from 1/4/202114.The ECAI must demonstrate that it enjoys credibility in the markets in which it operates. Such credibility is gauged on the basis of:
- (i)The extent to which it meets the resources requirements stated above;
- (ii)The extent to which independent parties (investors, insurers etc.) rely on the ECAI’s risk ratings; and
- (iii)The existence of internal procedures to prevent misuse of confidential information.