Rating Agency Development

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Description

Under Basel II, regulators can allow banks to use credit ratings from certain approved credit rating agencies (CRAs) when calculating their capital reserve requirements. The national supervisors are responsible in determining whether the CRAs meet eligibility criteria.

Local rating agencies are awaiting a regulation to be issued by the National Securities Commission (NSC) to start undertaking the rating activity.

Impact Drivers

  • Public- To lower capital requirements
  • Private- To improve customers' accessibility to lending without impairing the soundness of the banking industry.

Economics

To be estimated

SPI Committee Involvement

To facilitate a coordinated approach among the main stakeholders, whose involvement will be required to achieve a workable solution for enabling the CRAs to play the role assigned under Basel II.Additional Information on SPI Committee.

Management

Doina Ionescu

Project Manager (PM), Director Bancpost

Members

 

Iulius Mironescu

Casa de Economii si Consemnatiuni

Ramona Ivan

Banca Comerciala Romana

Dana Stroescu

Banca Comerciala Romana

Bogdan Moianescu

Expert, National Bank of Romania

Iulia Pruna

Specialist, CNVM

Oana Marinoiu

Legal Adviser, CNVM

Radu Oniga

Specialist , CNVM

Laurentiu Badita

Coface Romania

 

Terms of Reference

Regulatory Impact Assessment

SPI Committee Documents