Memo: Statement by Commissioner Michel Barnier following the agreement in trilogue of new European rules to regulate credit rating agencies

Author (Corporate)
Series Title
Series Details MEMO/12/911 (27.11.12)
Publication Date 27/11/2012
Content Type ,

The European Union agreed on stricter rules for credit rating agencies on the 27 November 2012 which will ultimately try to reduce the over-reliance on external credit ratings agencies, requiring financial institutions to strengthen their own credit risk assessment.

Source Link Link to Main Source http://europa.eu/rapid/press-release_MEMO-12-911_en.htm
Related Links
EurActiv, 28.11.12: EU pushes stricter rules for sovereign debt ratings http://www.euractiv.com/euro-finance/eu-pushes-stricter-rules-soverei-news-516301
ESO: Background information: Parliament to dismiss plans for European credit ratings http://www.europeansources.info/record/parliament-to-dismiss-plans-for-european-credit-ratings/
Les Echos, 28.11.12: EU imposes new restrictions (via PressEurop) http://www.presseurop.eu/en/content/news-brief/3087881-eu-imposes-new-restrictions
European Commission: DG Internal Market and Services: Securities: Rating Agencies http://ec.europa.eu/internal_market/securities/agencies/index_en.htm
European Parliament: Press Release, 28.11.12: Deal on stricter EU rules for sovereign debt ratings http://www.europarl.europa.eu/news/en/pressroom/content/20121127IPR56742/
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