View the Standard

IOSCO sets out five key messages which firms should keep in mind when assessing their due diligence policies and procedure when investing in structured finance instruments. Furthermore, the paper sets out three key steps which should generally be included in a due diligence process along with some good practices to be considered at each step. Finally, it deals with questions relating to the use of third parties in the due diligence process, including credit rating agencies (CRAs).