tailieunhanh - The Joint Forum Stocktaking on the use of credit ratings

In its report to the G7 titled Report of the Financial Stability Forum on Enhancing Market and Institutional Resilience, 1 the Financial Stability Forum (FSF) requested the Joint Forum to conduct a stocktaking of the uses of external credit ratings by its member authorities in the banking, securities and insurance sectors. The request also suggested that authorities review whether their regulations and/or supervisory policies unintentionally give credit ratings an official seal of approval that discourages investors from performing their own due diligence. 2 To implement the FSF request, the Joint Forum Working Group on Risk Assessment and Capital (JFRAC) prepared and. | Basel Committee on Banking Supervision The Joint Forum Stocktaking on the use of credit ratings June 2009 BANK FDR INTERNATIONAL SETTLEMENTS Requests for copies of publications or for additions changes to the mailing list should be sent to Bank for International Settlements Press Communications CH-4002 Basel Switzerland E-mail publications@ Fax 41 61 280 9100 and 41 61 280 8100 Bank for International Settlements 2009. All rights reserved. Brief excerpts may be reproduced or translated provided the source is stated. ISBN print 92-9131-795-0 ISBN Web .