The Technical Committee of IOSCO recently looked whether or not the IOSCO CRA Principles have been implemented by CRA's across many jurisdictions and if so, how where they implemented. The IOSCO CRA principles are (1) quality and integrity in the rating process, (2) independence and conflicts of interest, (3) transparency and timeliness of ratings disclosure and (4) confidential information. The Task Force found that while the structure and specific provisions differed in implementation across jurisdictions, the principles were embedded in each of the programs and have been used as the basis upon which to formulate regulatory programs.