On 8 June 2015, IOSCO published a final report on good practices on reducing reliance on credit rating agencies (CRAs) in asset management. The report follows a consultation by IOSCO, IOSCO stresses the importance of asset managers having appropriate expertise and processes in place to assess and manage the credit risk associated with their investment decisions. IOSCO developed eight good practices (included as Appendix A to the report), aimed at addressing any potential remaining over-reliance by asset managers on credit ratings. The good practices are addressed to national regulators, investment managers and investors (where applicable).