Regulatory use - overview
In this section, we shall clarify the regulatory use of ratings in different countries. Reflecting the European origin of RATINGPLATFORM, we have first focused on the legal regime in the European Union, which takes into account thee types of sources of assessments: Credit Rating Agencies (CRAs), External Credit Assessment Institutions ("ECAI") and Export Credit Agencies ("ECA").
In addition, you shall find information on 1) countries where the European Securities and Markets Authority ("ESMA"), solely responsible for the supervision of CRAs in Europe, concluded that the regulatory regime on Credit rating agencies is equivalent to the European one and 2) countries, from which ratings can be endorsed by European agencies. These countries are:
Argentina, Australia, Brazil, Canada, Dubai, Hong Kong, Japan, Mexico, Singapore and the United States.
Furthermore, we have included information on the following countries: Costa Rica, Ecuador,Switzerland and Uruguay.