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Credit rating agencies receive expectations update from financial watchdog

( November 12, 2024, 13:45 GMT | Official Statement) -- MLex Summary: The chief executives of UK credit rating agencies (CRAs) supervised by the Financial Conduct Authority have received a letter outlining its expectations for the next two years. CRAs will need to maintain sound oversight of internal control structures, senior management, and the board. "We consider a strong governance framework essential to ensuring your firm delivers quality and independent ratings," the FCA said in the letter.Letter is attached....

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