MiFID and NRSRO: Difference between pages

Revision as of 17:14, 13 February 2015

US

Nationally Recognised Statistical Rating Agency

A credit rating agency (CRA) in respect of the opinions of which the US Securities and Exchange Commission has issued a no-action letter relating to use of those opinions by regulated bodies for various regulatory purposes.

The US was a pioneer of recognising particular CRAs.

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-Markets in Financial Instruments Directive.
+US
-Directive 2004/39/EC of the European Parliament and the Council.
+Nationally Recognised Statistical Rating Agency
+A [[credit rating agency]] (CRA) in respect of the opinions of which the US [[Securities and Exchange Commission]] has issued a [http://www.sec.gov/answers/noaction.htm no-action letter] relating to use of those opinions by regulated bodies for various regulatory purposes.
-MiFID regulation applies to:
+The US was a pioneer of recognising particular CRAs.
-#Regulated markets (RMs)
-#Multilateral trading facilities (MTFs) and
-#Systematic internalisers (SIs).
 ==See also==
-* [[Regulated market]]
-* [[Multilateral trading facility]]
-* [[Systematic internaliser]]
-* [[OTF]]
-* [[MiFID II]]
-* [[EMIR]]
-* [[Dodd-Frank]]
-* [[FATCA]]
-* [[Know-your-customer]]
-[[Category:Corporate_financial_management]]
+* The [SEC]]'s [[http://www.sec.gov/ocr#.VN4st09yY7I Office of Credit Ratings]
-[[Category:Risk_frameworks]]