DBRS Publishes Final Reverse Mortgage Appendices for EU Operational Risk Assessment Methodologies

DBRS Ratings Limited (DBRS) released its “Operational Risk Assessment for European Structured Finance Originators” and “Operational Risk Assessment for European Structured Finance Servicers” methodologies after the closure of a public request for comment (RFC) period that ended on 5 November 2018, per the press release “DBRS Requests Comments on Reverse Mortgage Appendices for EU Operational Risk Assessment Methodologies,” dated 5 October 2018. DBRS received no comments during the RFC period.

These methodology updates were published as a result of DBRS’s periodic review. DBRS updated its Scope and Limitations sections and added sample reverse mortgage agendas to the methodologies. No material changes were made to the existing methodologies, and DBRS has not taken, or will not take, any rating actions as a result of the updates.

The methodologies are effective as of today.

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

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