Wednesday 4 June 2014

Europe: ESMA publicly censures two credit rating agencies

The European Securities and Markets Authority - the European Supervisory Authority with direct supervisory responsibility for credit rating agencies in Europe - has, for the first time, issued a public notice censuring two credit agencies (Standard & Poor’s Credit Market Services France SAS and Standard & Poor’s Credit Market Services Europe Limited) for breaches of the Credit Rating Agency Regulation (1060/2009): see here (pdf).

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