ESMA LIBRARY
REFINE YOUR SEARCH
Sections
- (-) Remove Credit Rating Agencies filter Credit Rating Agencies
- (-) Remove Securities and Markets Stakeholder Group filter Securities and Markets Stakeholder Group
- (-) Remove Crowdfunding filter Crowdfunding
- Risk Analysis & Economics - Markets Infrastructure Investors (48) Apply Risk Analysis & Economics - Markets Infrastructure Investors filter
- Post Trading (33) Apply Post Trading filter
- Supervisory convergence (29) Apply Supervisory convergence filter
- Joint Committee (28) Apply Joint Committee filter
- Fund Management (26) Apply Fund Management filter
- IFRS Supervisory Convergence (22) Apply IFRS Supervisory Convergence filter
- Board of Supervisors (21) Apply Board of Supervisors filter
- Corporate Disclosure (19) Apply Corporate Disclosure filter
- Board of Appeal (18) Apply Board of Appeal filter
- MiFID - Secondary Markets (17) Apply MiFID - Secondary Markets filter
- Corporate Information (16) Apply Corporate Information filter
- MiFID - Investor Protection (16) Apply MiFID - Investor Protection filter
- Innovation and Products (14) Apply Innovation and Products filter
- Management Board (14) Apply Management Board filter
- Market Integrity (12) Apply Market Integrity filter
- Sustainable finance (10) Apply Sustainable finance filter
- Trade Repositories (10) Apply Trade Repositories filter
- Prospectus (9) Apply Prospectus filter
- Short Selling (9) Apply Short Selling filter
- Market Abuse (8) Apply Market Abuse filter
- Planning reporting budget (8) Apply Planning reporting budget filter
- CESR Archive (7) Apply CESR Archive filter
- COVID-19 (7) Apply COVID-19 filter
- Market data (7) Apply Market data filter
- Benchmarks (6) Apply Benchmarks filter
- Securitisation (6) Apply Securitisation filter
- CCP Directorate (5) Apply CCP Directorate filter
- Corporate Finance (4) Apply Corporate Finance filter
- Press Releases (4) Apply Press Releases filter
- Guidelines and Technical standards (3) Apply Guidelines and Technical standards filter
- IAS Regulation (3) Apply IAS Regulation filter
- Brexit (2) Apply Brexit filter
- Careers (2) Apply Careers filter
- Corporate Governance (2) Apply Corporate Governance filter
- Transparency (2) Apply Transparency filter
- European Single Electronic Format (1) Apply European Single Electronic Format filter
- Procurement (1) Apply Procurement filter
- Securities Financing Transactions (1) Apply Securities Financing Transactions filter
- Trading (1) Apply Trading filter
Type of document
- (-) Remove Decision filter Decision
- (-) Remove Report filter Report
- (-) Remove Q&A filter Q&A
- SMSG Advice (89) Apply SMSG Advice filter
- Reference (85) Apply Reference filter
- Press Release (66) Apply Press Release filter
- Summary of Conclusions (42) Apply Summary of Conclusions filter
- Guidelines & Recommendations (41) Apply Guidelines & Recommendations filter
- Consultation Paper (30) Apply Consultation Paper filter
- Letter (29) Apply Letter filter
- Final Report (22) Apply Final Report filter
- Statement (19) Apply Statement filter
- Technical Advice (10) Apply Technical Advice filter
- Annual Report (6) Apply Annual Report filter
- Speech (6) Apply Speech filter
- Technical Standards (5) Apply Technical Standards filter
- Opinion (4) Apply Opinion filter
Date | Ref. | Title | Section | Type | Download | Info | Summary | Related Documents | Translated versions |
---|---|---|---|---|---|---|---|---|---|
17/05/2011 | 2011/BS/123 | Decision of the Board of Supervisors- Appointment of the Securities and Markets Stakeholder Group | Board of Supervisors, Securities and Markets Stakeholder Group | Decision | PDF 171.3 KB |
||||
03/06/2014 | 2014/544 | Decision to adopt a supervisory measure taking the form of a public notice in accordance with Articles 23e(5) and 24 of Regulation (EC) No 1060/2009 of the European Parliament and of the Council of 16 September 2009 on credit rating agencies | Credit Rating Agencies | Decision | PDF 49.36 KB |
Decision to adopt a supervisory measure taking the form of a public notice in accordance with Articles 23e(5) and 24 of Regulation (EC) No 1060/2009 of the European Parliament and of the Council of 16 September 2009 on credit rating agencies The Board of Supervisors (“Board”), Having regard to the Treaty on the Functioning of the European Union (“Treaty”) Having regard to Regulation (EU) No 1095/2010 of the European Parliament and of the Council of 24 November 2010 establishing a European Supervisory Authority (European Securities and Markets Authority), amending Decision No 716/2009/EC and repealing Commission Decision 2009/77/EC (“ESMA Regulation”), and in particular Article 43(2) and Article 44(1) thereof Having regard to Regulation (EC) No 1060/2009 of the European Parliament and of the Council of 16 September 2009 on credit rating agencies (“CRA Regulation”), in particular Articles 6(2), 23e, 24, 25 thereof Having regard to Commission Delegated Regulation (EU) No 946/2012 of 12 July 2012 supplementing Regulation (EC) No 1060/2009 of the European Parliament and of the Council with regard to rules of procedure on fines imposed to credit rating agencies by the European Securities and Markets Authority, including rules on the right of defence and temporal provisions (“Procedural Regulation”), in particular Article 3(4) thereof Whereas: (1) On the basis of the file containing the investigating officer’s findings and after examination of the submissions of Standard & Poor’s Credit Market Services France SAS and Standard & Poor’s Credit Market Services Europe Limited the Board finds that the registered credit rating agencies Standard & Poor’s Credit Market Services France SAS and Standard & Poor’s Credit Market Services Europe Limited have committed the infringements listed in paragraphs 12 and 18 of Annex III.I of the CRA Regulation. (2) The Board considers that the evidence before it does not allow it to establish that Standard & Poor’s Credit Market Services France SAS and Standard & Poor’s Credit Market Services Europe Limited acted intentionally or negligently as required by Article 36a(1) of the CRA Regulation in order for the Board to impose a fine. (3) The Board thus decides to adopt a supervisory measure taking the form of a public notice in accordance with Article 24 of the CRA Regulation. Has adopted this decision: Article 1 The Board of Supervisors finds that the registered credit rating agencies Standard & Poor’s Credit Market Services France SAS and Standard & Poor’s Credit Market Services Europe Limited have committed the infringements listed in paragraphs 12 and 18 of Annex III.I of Regulation (EC) No 1060/2009 of the European Parliament and of the Council of 16 September 2009 on credit rating agencies. Article 2 The Board of Supervisors takes the decision to adopt a supervisory measure taking the form of the following public notice, in accordance with Articles 23e(5) and 24 of Regulation (EC) No 1060/2009 of the European Parliament and of the Council of 16 September 2009 on credit rating agencies. | |||
28/01/2015 | 2014/SMSG/002 | Decision- Rules of procedure of the Securities and Markets Stakeholder Group | Securities and Markets Stakeholder Group | Decision | PDF 131.88 KB |
||||
29/06/2015 | 2015/1048 | Public Notice- ESMA fines DBRS Ratings Limited | Credit Rating Agencies | Decision | PDF 186.47 KB |
||||
05/02/2016 | 2016/234 | ESMA’s supervision of credit rating agencies and trade repositories- 2015 annual report and 2016 work plan. | Credit Rating Agencies, Trade Repositories | Report | PDF 2.08 MB |
The European Securities and Markets Authority’s (ESMA) annual report and work programme has been prepared according to Article 21 of Regulation 1060/2009 on credit rating agencies as amended (the CRA Regulation) and Article 85 of Regulation 648/2012 on OTC derivatives, central counterparties and trade repositories (EMIR). It highlights the direct supervisory activities carried out by ESMA during 2015 regarding credit rating agencies (CRAs) and trade repositories (TRs) and outlines ESMA’s main priorities in these areas for 2016. ESMA adopts a risk-based approach to the supervision of CRAs and TRs in accordance with its overall objectives of promoting financial stability and orderly markets and enhancing investor protection. This risk-based approach requires the analysis of information from a variety of sources and the application of multiple supervisory tools including day-to-day supervision, cycle of engagement meetings with supervised entities, on-site inspections and dedicated investigations. In order to build on the expertise that ESMA has developed through its supervision of CRAs and TRs, ESMA created a single Supervision Department in November 2015. ESMA intends to draw on the best practices identified from the supervision of both types of entity to further enhance its supervisory effectiveness in future. |
|||
01/07/2016 | 2016/SMSG/009 | SMSG End of Term Report 2016 | Securities and Markets Stakeholder Group | Report | PDF 1.55 MB |
||||
21/07/2016 | 2016/1131 | BoS Decision on Fitch Ratings Limited 21 July 2016 | Credit Rating Agencies, Press Releases | Decision | PDF 108.21 KB |
||||
16/12/2016 | 2016/1662 | 2016-1662 Competition & Choice in the Credit Rating Industry | Credit Rating Agencies | Report | PDF 1.22 MB |
||||
03/02/2017 | ESMA80-1467488426-27 | Supervision Annual Report 2016 and Work Programme 2017 | Credit Rating Agencies, Trade Repositories | Report | PDF 2.49 MB |
||||
06/04/2017 | ESMA33-9-158 | Supervisory Briefing: A Common Approach to the CRA Regulation’s Provisions for Encouraging the use of Smaller CRAs | Credit Rating Agencies | Report | PDF 687.07 KB |
|
|||
01/06/2017 | ESMA41-137-1005 | Decision of the Board of Supervisors to adopt a supervisory measure and impose fines with respect to infringements by Moody’s Deutschland GmbH and Moody’s Investors Service Limited | Board of Supervisors, Credit Rating Agencies | Decision | PDF 207.16 KB |
||||
20/07/2017 | BoA 2017 01 | FinancialCraft Analytics Sp. z o.o. vs ESMA BoA Decision | Board of Appeal, Credit Rating Agencies | Decision | PDF 693 KB |
||||
04/12/2017 | ESMA22-106-535 | SMSG Report on Access to public capital markets for SMEs | Securities and Markets Stakeholder Group | Report | PDF 1.11 MB |
||||
20/12/2017 | ESMA33-5-209 | CRA Market Share Calculation 2017 | Credit Rating Agencies | Report | PDF 1012.23 KB |
||||
11/01/2018 | ESMA80-196-954 | Thematic Report- On fees charged by Credit Rating Agencies and Trade Repositories | Credit Rating Agencies, Trade Repositories | Report | PDF 1.14 MB |
||||
23/07/2018 | ESMA41-137-1153 | BoS decision- CRA 2-2017- SEB | Credit Rating Agencies | Decision | PDF 706.81 KB |
||||
23/07/2018 | ESMA41-137-1152 | BoS decision-CRA 2-2017- Swedbank | Credit Rating Agencies | Decision | PDF 715.12 KB |
||||
23/07/2018 | ESMA41-137-1150 | BoS decision-CRA 2-2017- Nordea | Credit Rating Agencies | Decision | PDF 714.78 KB |
||||
23/07/2018 | ESMA41-137-1147 | BoS decision-CRA 2-2017- Svenska Handelsbanken AB | Credit Rating Agencies | Decision | PDF 690.73 KB |
||||
23/07/2018 | ESMA41-137-1145 | BoS decision-CRA 2-2017- Danske | Credit Rating Agencies | Decision | PDF 635.85 KB |