S&P prematurely published credit ratings before securities were issued, failed to disclose decisions for discontinuing some credit ratings, and took too long to correct factual errors in reported data.
March 25, 2023The guidelines reflect IOSCO's recommendations and will be implemented as KOFIA best practice from 1 February 2023.
January 16, 2023Credit rating agencies have until 30 January 2023 to submit action plans to the FCA on how they will rectify governance issues.
October 27, 2022The PBOC will establish connectivity between all credit reporting systems and platforms nationwide, so data on each economic entity can be combined into a single "credit file".
October 18, 2022The new framework comes after SEBI for the first time cancelled the licence of a CRA, Brickwork Ratings India, and ordered it to wind down its operations within six months.
October 18, 2022SEBI plans to require asset managers to disclose the holdings and transactions of connected persons, as well as those of their immediate relatives, on an independent platform.
July 18, 2022The SC plans to make it a requirement for the majority of board members and the rating committee to be independent.
June 14, 2022A new committee will work to address mis-selling and greenwashing risks and explore the introduction of prudential requirements for ESG funds.
May 11, 2022The new DLT-based platform is designed to monitor security creation, covenants and asset cover of non-convertible securities.
April 25, 2022Authorities say they are seeking to use the social credit system to improve financing opportunities and increase lending to businesses and individuals.
April 8, 2022