The aim of this amendment is to ensure that the procedure for the authorisation and recognition of the new ratings agency by the supervisory authority is more rigorous, so as to ensure reliability as regards credit quality assessment of the principal, with due regard for the principle of credibility.
The aim of this amendment is to ensure that the procedure for the authorisation and recognition of the new ratings agency by the supervisory authority is more rigorous, so as to ensure reliability as regards credit quality assessment of the principal, with due regard for the principle of credibility.