EBA has published its final draft Implementing Technical Standards (ITS) on the mapping of External Credit Assessment Institutions’ (ECAIs) credit assessments for securitisation positions under the CRR. The ITS set out mapping between credit ratings and credit quality steps that determines what are appropriate risk weights for credit ratings ECAIs issue on securitisations that use the standardised approach or the internal ratings based approach. (Source: EBA finalises mapping for securitisation draft ITS)