Author (Corporate) | European Commission: Press and Communication Service |
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Series Title | Press Release |
Series Details | IP/06/8 (9.1.05) |
Publication Date | 09/01/2006 |
Content Type | News |
The European Commission on 9 January 2006 adopted a Communication setting out its approach to credit rating agencies (CRAs). This was the response to various financial scandals and the Resolution on CRAs adopted by the European Parliament in February 2004, calling on the Commission to produce an assessment of the need (if any) for legislative intervention in this field. In line with advice received from the Committee of European Securities Regulators (CESR) in March 2005, the Commission decided not to present new legislative proposals in the area of CRAs. |
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Source Link | http://europa.eu/rapid/pressReleasesAction.do?reference=IP/06/8&format=HTML&aged=0&language=EN&guiLanguage=en |
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Subject Categories | Business and Industry, Internal Markets |
Countries / Regions | Europe |
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