Amended Implementing Technical Standards (ITS) on the mapping of credit assessments of External Credit Assessment Institutions (ECAIs)

The amendments of the Implementing Technical Standards (ITS) reflect:

  • the recognition of two new credit rating agencies (CRAs);
  • the outcome of a monitoring exercise on the adequacy of existing mappings; and 
  • the deregistration of a number of CRAs. 

The ITS are part of the EU Single Rulebook for banking and insurance aimed at creating a safe and sound regulatory framework consistently applicable across the European Union (EU).