ESMA statement to ECON Hearing on CRA Regulation

ESMA’s statement outlines the work it has undertaken in relation to the Credit Rating Agencies (CRA) Regulation and provides an update on the state of play on a number of initiatives, these include:

• European Ratings Platform;
• Fees;
• Transparency on structured finance instruments;
• Reducing over-reliance on credit ratings;
• Competition issues;
• Sanctions; and
• the endorsement regime.