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The Capital Requirements Regulations 2006
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Credibility and market acceptance
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9. The Authority must assess credibility according to factors such as the following—
(a)market share of the ECAI;
(b)revenues generated by the ECAI;
(c)financial resources of the ECAI;
(d)whether there is any pricing on the basis of the rating;
(e)whether at least two credit institutions use the individual credit assessments of the ECAI for—
(i)bond issuing, or
(ii)assessing credit risks.
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