Book traversal links for G. No Abuse of Unsolicited Ratings
G. No Abuse of Unsolicited Ratings
C 52/2017 STA Effective from 1/4/202115.The Central Bank may request the ECAI to demonstrate that it has not used unsolicited ratings to put pressure on entities to obtain solicited ratings. If the Central Bank becomes aware of an ECAI using unsolicited ratings to put pressure on entities to obtain solicited ratings, the Central Bank may consider whether it is appropriate to revoke the recognition of the ECAI as eligible for capital adequacy purposes.