Translation of "cote de crédit d'un pays " (French → English) :

4. Points to shortcomings in the standardised approach in the Basel regulatory framework allowing regulatory capital requirements for financial institutions to be set on the basis of external credit ratings; considers it important to establish a capital adequacy framework that ensures robust internal risk assessment, better oversight of such risk assessment, and improved access to credit-relevant information; supports in this respect the increased use of the internal-ratings-based (IRB) approach provided that it is reliable and safe and that the size, capacity and sophistication of the financial institution allow for an adequate risk a ...[+++]ssessment; considers that in order to ensure a level playing field it is important that internal models respect parameters prescribed in the EU regulation and be subject to rigorous supervisory validation; considers, at the same time, that smaller and less sophisticated players with lower capacities should be able to use external ratings, if no internal credit risk assessment is viable, provided that they fulfil appropriate due diligence requirements;

The aim of this EU guarantee is to enable the EIB without affecting its credit standing to finance investments outside the EU in countries and for operations that have difficulties in obtaining finance from the capital market on acceptable terms.

In many cases the providers of microfinance in the European Union are commercial banks and should become important partners in the Facility, with a view to re-establishing trust in the credit market and with a focus mainly on customers with no credit standing.

The country ought probably to have a sound credit rating and ought not to constitute any credit risk for the eurozone as a whole.

That amendment shall be made through inserting next to the name of the third country in question a footnote indicating that the exemption from the visa requirement is suspended with regard to that third country and specifying the period of that suspension.

3. The Commission shall periodically draw up a report examining the treatment accorded to Community credit institutions in third countries, in the terms referred to in paragraphs 4 and 5, as regards establishment and the carrying-on of banking activities, and the acquisition of holdings in third-country credit institutions.