Regulatory Alerts2015-04-17
Code Of Conduct For Rating Agencies 17415
Rating agencies must implement rigorous, objective methodologies and maintain independence by disclosing significant revenue concentrations, reviewing former analyst work, and prohibiting ratings of parent issuers. Agencies are required to enhance transparency by providing investors with standardized historical data, clear loss and cash-flow analyses, and distinct identifiers for structured finance products. Compliance mandates include the public disclosure of codes of conduct and analytical models on the agency's primary digital platform.
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