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New ESMA powers to fine credit rating agencies

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Published on: 27 November 2012
Published by a LexisNexis Financial Services expert

Table of contents

  • Original news
  • What are the key points introduced by the rules?
  • How does the procedure work?
  • What are the rights given to CRAs?
  • How effective are the rules likely to be in addressing the problems?
  • What effect are the new rules likely to have on the financial services industry?

Article summary

Financial Services analysis: Credit rating agencies face tougher penalties if they breach EU regulations governing the sector. Dennis Rosenthal of Henderson Chambers analyses the implications of the new rules of procedure.

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