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08 December 2010

European Economic and Social Committee recommends new powers to ESMA


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Nach Auffassung des EWSA soll ESMA die Befugnis erlangen, Geldstrafen, eine vorübergehende Aussetzung der Ausgabe neuer Ratings, die Beendung von Zuwiderhandlung, oder den Widerruf der Registrierung von Ratingagenturen, die den Verordnungen widersprechen verhängen zu können.


 The European Economic and Social Committee issued an opinion recommending credit rating agencies new powers. Though ESMA will not be able to dispute a downgrade, they can challenge the methodology used. Notably, the report does not include language that would force rating agencies to share information with rivals.

Full opinion






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