14/11/23 (Agence Europe) – The European Banking Authority (EBA), the European Securities and Markets Authority (ESMA) and the European Insurance and Occupational Pensions Authority (EIOPA) published, on Monday 13 November, new amended implementing technical standards on the mapping of credit assessments by External Credit Assessment Institutions (ECAIs), in accordance with the provisions of the Capital Requirements Regulation (CRR) (see EUROPE 13278/23) and the Solvency II Directive (see EUROPE 13249/28). The competent authorities are proposing to change the allocation of credit quality steps for four ECAIs and to introduce new credit rating scales - or modify existing ones - for seven institutions. In addition, the amended standards no longer contain correlation tables for three ECAIs whose approvals have been withdrawn since the previous amendment. (TM)