The Danish Financial Supervisory Authority has extended the transitional permission for external credit assessment institutions to use credit ratings that assume implicit state support when assigning risk weights under the standardized approach for credit risk. The option, which CRR III generally removed, will now remain available until 1 January 2027. Under Article 495e of CRR III, competent authorities may allow such ratings during a transition period until 31 December 2029. The Danish authority had previously allowed their use until 30 June 2026 and has now prolonged that period to reflect developments in Europe.
Danish Finanstilsynet 2026-05-07
Danish Financial Supervisory Authority extends transition for credit ratings with implicit state support to 1 January 2027
The Danish Financial Supervisory Authority has extended the transitional permission for external credit assessment institutions to use credit ratings that assume implicit state support when assigning risk weights under the standardized approach for credit risk until 1 January 2027. The extension aligns the Danish regime more closely with the broader transition period permitted under Article 495e of CRR III, which allows such ratings to be used until 31 December 2029.