DBRS Requests Comments on Reverse Mortgage Appendices for EU Operational Risk Assessment Methodologies

DBRS Ratings Limited (DBRS) published updates to its “Operational Risk Assessment for European Structured Finance Originators” and “Operational Risk Assessment for European Structured Finance Servicers” methodologies. The updates were published as a result of DBRS’s periodic review. DBRS updated its Scope and Limitations section. No material changes were made to the existing methodologies and DBRS has not or will take any rating action(s) as a result of the updates.

In addition, DBRS is requesting comments on two proposed appendices added to the updated methodologies:

(1) The “Sample Operational Risk Agenda for European Reverse Mortgage Originators” appendix was added to the existing “Operational Risk Assessment for European Structured Finance Originators”.
(2) The “Sample Operational Risk Agenda for European Reverse Mortgage Servicers” appendix was added to the existing “Operational Risk Assessment for European Structured Finance Servicers”.

Comments on the appendices should be received on or before 5 November 2018. Please submit comments to the following email address: Structured.Finance.Comments@dbrs.com. Following a review and evaluation of all submissions, DBRS will publish final versions of the methodologies. All comments DBRS receives will be made public after the final versions of the methodologies are published, unless confidentiality is specifically requested.

Notes:
DBRS criteria and methodologies are publicly available on its website www.dbrs.com under Methodologies.