First CRA approved under new laws
Friday 19 November 2010 - by Andrew Hickley
The German Federal Financial Supervisory Authority (BaFin) has announced the first approved registration of a credit rating agency in Europe since changes to laws governing the organisations.
Because of these new requirements, existing ratings agencies were obliged to apply for registration between 7 June and 7 September 2010, to allow them to continue issuing credit ratings in the European Union.
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