IOSCO's principles on outsourcing have been updated to include trading venues, intermediaries/market participants acting on a proprietary basis, and CRAs.
November 1, 2021SEBI is asking issuers, debenture trustees, and credit rating agencies to carry out necessary changes to ensure readiness to use the new DLT-based platform.
August 18, 2021The letters set out a framework for cooperation on regulatory, supervisory and enforcement matters in relation to credit rating agencies.
August 12, 2021Credit rating agencies cannot assign a rating, including provisional decisions, to an issuer or client evaluating strategic decisions.
May 1, 2021Government support measures played a “significant role” in alleviating the downward pressure on credit ratings, IOSCO found in its review.
February 16, 2021In December, SEBI issued INR 2.5 million penalty orders against ICRA, India Ratings & Research and Care Ratings. This has been raised to INR 10 million.
September 27, 2020Some characteristics of the TBTF challenge are specific to Asia, but these may be intractable from ‘winner-takes-all’ capitalism and national interests, writes industry veteran Jamie Lloyd Evans.
September 24, 2020Credit rating agencies are asked not to consider debt restructured as a result of Covid-19 related stress as a default event.
September 6, 2020Mutual funds should value money market and debt securities using the waterfall approach on the basis of traded yields, SEBI said in a circular.
October 1, 2019The move follows a spate of defaults in India where credit rating agencies were blamed for being unable to flag potential credit risks.
August 23, 2019