EACT News
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EC Credit Ratings Response
7/1/2011
The European Commission launched a consultation in November 2010 on credit ratings agencies. We have responded to the consultation and the full document can be read here. The EACT welcomes the Commission's initiative in publishing a working document for discussion and consultation purposes. Credit ratings play a key role in the financial system for issuers as well as investors, contributing to financial stability and supporting the prospects for growth. The provision of ratings underpins the pricing of debt and adds to market liquidity, both of which are key elements in open and competitive markets.
There is understandable concern, following the financial crisis of 2008, that change is needed. However, the EACT hopes that, as the Commission moves forward to develop proposals, it will take due account of what works well at present and avoid endorsing proposals that may be politically attractive but lack substance in analysis and fact.
Response to the EC's Consultation on Regulation of
13/7/2010
EACT Comments in response to Public Consultation on Derivatives and Market Infrastructures
1/7/2010
EACT presentation to the ECON committee, European Parliament
27/4/2010
EACT presentation to the ECON committee, European Parliament (27 April 2010)
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