On February 13, the EU Committee of European Securities Regulators (CESR) published a consultation on the role of credit rating agencies in structured finance as part of its continuing review of the role of credit rating agencies and the rating process for structured finance instruments.

CESR’s consultation follows the European Commission’s request to CESR for a review of several aspects of the rating process regarding structured finance instruments. CESR is now seeking market participants’ views on the main issues included in the European Commission’s request.

The deadline for responses is March 31.