The roadmap sets clear timelines for concrete action to reduce mechanistic reliance on CRA ratings and for authorities to promote and strengthen own credit risk assessment approaches.
Policy Documents
5 November 2012
This report provides seven fundamental principles for enhancing the risk disclosures of banks.
In March 2011 the Financial Stability Board (FSB) published a thematic review of residential mortgage underwriting and origination practices. Based on the findings of the review, six recommendations were set out, one of which asked the FSB to develop an international principles-based framework for sound underwriting practices. After providing sufficient time for implementation, the FSB […]