The
European Securities and Markets Authority has publicly censured a credit rating agency -
DBRS Ratings Limited - for failing to comply with the corporate governance, compliance and record-keeping requirements under the
Credit Rating Agencies Regulation (EU, No 462/2013): see
here (
pdf). A copy of the public notice is available
here (
pdf). ESMA also imposed a fine in respect of the record-keeping failures, the first time it has fined a credit rating agency. ESMA has sole responsibility for the registration and supervision of credit rating agencies in the European Union; see
here for more about this particular function.
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