Singapore launches new regulation for credit rating agencies

monetary-authority-singapore

The Monetary Authority of Singapore (MAS) on January 17 released final details of its new regulatory framework for credit rating agencies, which aims to improve the quality of ratings issued by firms.

To comply with the new rules, representatives working on behalf of credit rating agencies will be obliged to hold a Capital Markets Services (CMS) licence and must adhere to a new code of conduct that sets minimum standards. Existing credit rating agencies will be given a transition period of six m

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