The Joint Forum Working Group on Risk Assessment and Capital has released the final version of its paper entitled "Stocktaking on the use of Credit Ratings". This follows a request from the Financial Stability Forum to undertake a stocktaking of the uses of external credit ratings by its member authorities in the banking, securities and insurance sectors. The request also suggested that authorities review how their regulations and/or supervisory policies unintentionally give credit ratings an official seal of approval that discourages investors from operating their own due diligence.