5 Amendments of Bilyana Ilieva RAEVA related to 2008/0217(COD)
Amendment 294 #
Proposal for a regulation
Article 7 – paragraph 3 – subparagraph 2
Article 7 – paragraph 3 – subparagraph 2
A credit rating agency shall record all instances where in its credit rating process it changes (downgrades or upgrades) existing credit ratings prepared by another credit rating agency with respect to underlying assets or structured finance instruments providing a justification for the downgrade.
Amendment 298 #
Proposal for a regulation
Article 7 – paragraph 4
Article 7 – paragraph 4
4. A credit rating agency shall monitor credit ratings and review its credit ratings and methodologies where necessary. A credit rating agency shall establish internal arrangements to monitor the impact of changes in macroeconomic or financial market conditions on credit ratings.
Amendment 328 #
Proposal for a regulation
Article 13 – paragraph 1
Article 13 – paragraph 1
1. The credit rating agency shall submit anthe application for registration to CESRpackage to the CESR and to the home Member State simultaneously. The application shall contain information on the matters set out in Annex II.
Amendment 349 #
Proposal for a regulation
Article 18 – paragraph 4
Article 18 – paragraph 4
4. CESR shall cooperate, where appropriatenecessary, with the Committee of European Banking Supervisors established by Commission Decision 2004/5/EC 40 and the Committee of European Insurance and Occupational Pensions Supervisors established by Commission Decision 2004/6/EC 41.
Amendment 352 #
Proposal for a regulation
Article 20 – paragraph 1
Article 20 – paragraph 1
1. In carrying out their duties under this Regulation competent authorities of Member States shall not interfere with the content of credit ratings and the methodology of rating awarding.