1.2. Independence

Directive 2006/48/EC of the European Parliament and of the Council of 14 June 2006 relating to the taking up and pursuit of the business of credit institutions (recast) (Text with EEA relevance) · European Union

Competent authorities shall verify that the methodology is free from external political influences or constraints, and from economic pressures that may influence the credit assessment. Independence of the ECAI's methodology shall be assessed by competent authorities according to factors such as the following: ownership and organisation structure of the ECAI; financial resources of the ECAI; staffing and expertise of the ECAI; and corporate governance of the ECAI.

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Source: EUR-Lex (Cellar) · retrieved 2026-10-09 · Text as adopted (Official Journal); later amendments are not incorporated in this text.