On January 1, 2014, Scope Ratings was accredited as an External Credit Assessment Institution (ECAI). This status is attributed according to the provisions of Regulation (EU) No 575/2013 of the European Parliament and of the Council and Directive 2013/36/EU of the European Parliament and the Council.
ECAIs play a major role in the standardized approach and securitization framework of prudential regulation. Therefore, their credit assessments must be mapped to the corresponding risk weights. The European Banking Authority (EBA), together with the European Securities and Markets Authority (ESMA) and the European Insurance and Occupational Pensions Authority (EIOPA), has been assigned the task of managing the mapping across all ECAIs in order to promote the consistent implementation of the Capital Requirements Regulation (CRR) throughout the European Union. The list of ECAIs recognized by the EBA is available under the link below.