EFAMA replies on CRA RTS: EFAMA has replied to ESMA's consultation on draft RTS under the credit rating agencies Regulation (CRA3) on structured finance instruments, the European Rating Platform and the fees charged by CRAs. It asks that the disclosures mandated on structured finance instruments should facilitate asset managers' due diligence over financial institutions' compliance with securitisation risk retention requirements. (Source: EFAMA Reply on CRA3 Implementation)