DBRS Letter Comments on Committee of European Securities Regulators Consultation Paper

DBRS has today commented on the Committee of European Securities Regulators (CESR) public consultation paper on guidance on the registration process, the functioning of colleges, the mediation protocol, information for the registration application, for certification and for the assessment of credit rating agencies’ (CRAs) systemic importance (Consultation Paper).

DBRS is a member of CESR’s Consultative Working Group (CWG), which provides ongoing advice relating to the implementation and application of the European Union Regulation on Credit Rating Agencies (EU CRA Regulation) and the related rules and guidance. As a member of the CWG, DBRS provided comments on various pre-consultation papers in September 2009. Based on the feedback it received, CESR produced this Consultation Paper.

DBRS plans to comply with the EU CRA regulation in line with the finalized legislation, requirements and timelines. To that end, DBRS’s comments are provided to ensure that there is clarity in the application process and regarding ongoing requirements and supervision.

A copy of this letter is available by contacting us at info@dbrs.com.