Assessing credit risk post-crisis at a central bank


Much attention was paid to the role of credit ratings and limits in the perpetuation of shocks through the financial market, in the aftermath of the global financial crisis. Concern was raised about the over-reliance market participants had placed on credit rating agencies (CRAs). This resulted in new guidance being provided by the Financial Stability Board (FSB) in late 2010. It included a section about the need for central banks to reduce their reliance on external ratings – a move that acted

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: