EBA sees stability risk in Commission ratings proposal
Changes to technical standards ‘favour competition over prudential considerations’, authority says
Changes proposed by the European Commission to standards for "mapping" external ratings could endanger financial stability, the European Banking Authority (EBA) has warned.
The disagreement concerns how much weight should be given to the judgements of ratings agencies in calculating risk weights, under Europe's Capital Requirements Regulation (CRR) and Solvency II Directive.
The EBA disagrees with the Commission's proposed changes to the relevant draft Implementing Technical Standards (ITS)
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