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CESR Statement: Technical Advice to the European Commission on the Equivalence between the Japanese Regulatory and Supervisory Framework and the EU Regulatory Regime for Credit Rating Agencies

( June 9, 2010, 15:40 GMT | Official Statement) -- MLex Summary: Japan's rules for credit-rating agencies are equivalent to the European Union's, EU securities regulators said in a recommendation to policy makers. If the European Commission confirms that finding, Japanese providers will be free to distribute ratings in the EU, and EU financial firms will be able to use the ratings for regulatory purposes such as determining capital requirements....

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