Commission Implementing Regulations (EU) 2018/633 and (EU) 2018/634 amending implementing technical standards (ITS) with regard to mapping credit assessments of external credit assessment institutions (ECAIs) for credit risk and securitisation positions under the Capital Requirements Regulation (CRR) and the allocation of credit assessments of ECAIs under Solvency II have been published in the Official Journal.
The Regulations update the ITS to reflect the registration or certification of five new ECAIs and the withdrawal of the registration of one ECAI. The amendments set out the allocation of appropriate risk weights to the newly established ECAIs and remove the reference to the de-registered ECAI. Details of mapping the other ECAIs remain unchanged.
The Regulations will enter into force on 15 May 2018.