Regulatory Alerts2018-04-24 | CD-SIBOIF-1053-3-ABRI24-2018Added · Updated
Resolution Reforming Article 35 of the Standard on Risk Rating Agencies
The Board of Directors of the Superintendence of Banks and Other Financial Institutions amended Article 35 of the Standard on Risk Rating Agencies to update the list of internationally recognized rating agencies. The amendment explicitly names Fitch, Moody’s, Standard & Poor’s, Dominion Bond Rating Service, and Kroll Bond Rating Agency as eligible entities, while establishing a 90-day resolution period for their registration requests. The Superintendent is authorized to update this list when new agencies are identified, subject to prior notification to the Board.
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