FSB launches peer review on overreliance on CRAs: FSB is undertaking a thematic peer review into the application of the October 2010 FSB Principles for reducing mechanistic reliance on credit rating agencies’ (CRAs) ratings. The review will focus on the experience at assessing, removing and replacing references to CRAs in laws and regulation, and on how national authorities are encouraging firms to develop and disclose their own capacity for credit risk assessment and due diligence. (Source: Thematic Peer Review on Reducing Reliance on CRAs – Questionnaire )