| Author (Corporate) | European Court of Auditors |
|---|---|
| Series Title | ECA Special Reports |
| Series Details | No.22, 2015 (February 2016) |
| Publication Date | 2015 |
| ISBN | 978-92-872-3591-6 |
| ISSN | 1977-5679 |
| EC | QJ-AB-15-022-EN-N |
| Content Type | Policy-making, Report |
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Summary: The 2008 financial crisis focused attention on the credit rating agencies and their impact on financial markets. At the time, there was very little regulation of the agencies in Europe. In 2011, the European Securities and Markets Authority (ESMA) was created to register, monitor and supervise them. This report examines whether ESMA has successfully established itself as the credit rating agencies watchdog for the EU. We conclude that while ESMA has laid down good foundations, its rules and guidelines are not yet complete and significant risks remain to be addressed in the future. |
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| Source Link | Link to Main Source http://dx.publications.europa.eu/10.2865/922715 |
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| Subject Categories | Business and Industry |
| Countries / Regions | Europe |
