Follow Us

Follow us on Twitter  Follow us on LinkedIn
 

23 April 2009

Parliament adopted report on CRAs


The new legislation will put in place a single point of entry for the registration of agencies. The European Commission will have, before a legislative initiative in July 2010, to establish a genuine European supervision.

Credit Rating Agencies will be registered, monitored and supervised in Euorpe according to the new legislation adopted in Parliament. The second important point is that the notes used in Europe in the financial field will be made by credit rating agencies registered in Europe, rapporteur Jean Paul Gauzes said, commenting on the vote. There is one exception - it is in the case noted entities or products that are outside the EU, he said.

 

The new legislation will put in place a single point of entry for the registration of agencies. The European Commission will have, before a legislative initiative in July 2010, to establish a genuine European supervision.

 

Interview Gauzes

Report



© European Parliament


< Next Previous >
Key
 Hover over the blue highlighted text to view the acronym meaning
Hover over these icons for more information



Add new comment