The European Securities and Markets Authority has published its second annual report concerning its supervision of credit rating agencies: see here (pdf). ESMA reports that improvements are required by agencies in several areas including the consistent application and comprehensive presentation of rating methodologies and the reliability of IT infrastructures.
Tuesday, 19 March 2013
Europe: ESMA publishes its second report on the supervision of credit rating agencies
The European Securities and Markets Authority has published its second annual report concerning its supervision of credit rating agencies: see here (pdf). ESMA reports that improvements are required by agencies in several areas including the consistent application and comprehensive presentation of rating methodologies and the reliability of IT infrastructures.
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