The recognition of a credit rating agency as an external credit assessment institution (ECAI) should not increase the foreclosure of a market already dominated by three main undertakings. EBA and ESCB central banks, without making the process easier or less demanding, should provide for the recognition of more credit rating agencies as ECAIs as a way to open the market to other undertakings.
Text applicable on 1 Jan 2027Consolidated version of 1 Jan 2027Future dateUnofficial text · authentic on EUR-Lex (opens in a new tab)
CRR Recital (98) — as applicable on 1 Jan 2027 (version of 1 Jan 2027)
Teal underlined text links to another provision. Dotted underlined words are defined terms: hover, focus or tap them to read the definition.