ESMA CALLS FOR LEGISLATIVE CHANGES TO IMPROVE ACCESS TO AND USE OF CREDIT RATINGS

30 Sep: ESMA CALLS FOR LEGISLATIVE CHANGES TO IMPROVE ACCESS TO AND USE OF CREDIT RATINGS

(Source: European Securities and Markets Authority (ESMA))

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has published an Opinion on how access to and use of credit ratings can be improved in the EU. In the Opinion ESMA highlights the difficulties experienced by users of credit ratings and recommends that the legislators amend the CRA Regulation or take alternative legislative action to address these.

Credit ratings are published on Credit Rating Agencies’ (CRAs’) websites as well as on the European Rating Platform (ERP). However, the usability of these credit ratings is severely limited as they cannot …