The European Commission has published a proposal for a Regulation to amend Regulation (EC) No 1060/2009 on credit rating agencies: see here (pdf). The purpose of the Regulation is to give the new European supervisory authority - the European Securities and Markets Authority (about which see here) - exclusive supervisory powers over credit rating agencies registered in the European Union. Wednesday, 2 June 2010
Europe: the supervision of credit rating agencies
The European Commission has published a proposal for a Regulation to amend Regulation (EC) No 1060/2009 on credit rating agencies: see here (pdf). The purpose of the Regulation is to give the new European supervisory authority - the European Securities and Markets Authority (about which see here) - exclusive supervisory powers over credit rating agencies registered in the European Union.
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