13 Feb. 2008 - In September 2007 the EU Commission issued an additional request for CESR to review the role of credit rating agencies (CRAs) as part of its annual report on their compliance with the IOSCO Code.

The purpose of the consultation document published today is to seek comments on the conclusions CESR has drawn from its market survey and evidence gathering from S&P, Moody's Investment Services, Fitch Ratings and DBRS. The consultation also seeks views on the positive and negative aspects of the current self-regulatory regime compared with a possible formal regulatory regime.

CESR welcomes comments to this document by 31st March 2008, via CESR's website.