The Capital Requirements Regulations 2006 No. 3221

SCHEDULE 1 Recognition of ECAIs

PART 2 Credit assessments

Credibility and market acceptance

9.  The Authority must assess credibility according to factors such as the following—

(a) market share of the ECAI;

(b) revenues generated by the ECAI;

(c) financial resources of the ECAI;

(d) whether there is any pricing on the basis of the rating;

(e) whether at least two credit institutions use the individual credit assessments of the ECAI for—

(i) bond issuing, or

(ii) assessing credit risks.