Under Articles 81(4) and 97(4) of the Directive 2006/48/EC, supervisory authorities are required to disclose an explanation of the ECAIs recognition process and a list of eligible ECAIs for the standardised approach and for securitisation purposes.
Related information:
For an overview regarding the ECAIs recognition process in the EU Member States see the corresponding tables on the CEBS homepage http://www.c-ebs.org/documents/Supervisory-Disclosure/spreadsheets/rules/ecai_recognition.aspx
CEBS "Guidelines on the Recognition of External Credit Assessment Institutions" http://www.c-ebs.org/getdoc/0da3a72b-d3dc-4214-b691-bbf5fdd4af55/GL07.aspx "
ECAIs recognition process in Latvia