ESMA LIBRARY

The ESMA Library contains all ESMA documents. Please use the search and filter options to find specific documents.
355
DOCUMENTS

REFINE YOUR SEARCH

Sections

Type of document

Your filters
Vacancies X Credit Rating Agencies X Speeches X
Reset all filters
Date Ref. Title Section Type Download Info Summary Related Documents Translated versions
08/02/2012 2012/77 Strengthening Investor Protection- Opening Statement by Verena Ross at ECON hearing Speech PDF
170.5 KB
This speech was given by Verena Ross, ESMA Executive Director, as an opening statement at the ECON hearing on the MiFID Review, on 5 December 2011.
15/03/2012 2012/158 ESMA allows EU-registered CRAs to endorse credit ratings issued in the US, Canada, Hong Kong and Singapore Press Release PDF
189.93 KB
ESMA today announces that it considers the regulatory frameworks for credit rating agencies (CRAs) of the United States of America, Canada, Hong Kong and Singapore to be in line with European rules. The EU Regulation (EC) No 1060/2009 on Credit Rating Agencies1 requires ESMA to assess whether the requirements of third-country CRA regimes are “as stringent as” the European ones. Today’s announcement allows European financial institutions to continue using for regulatory purposes credit ratings issued in these countries after 30 April 2012. ESMA’s assessment of third-country CRA regimes is an important tool for enhancing internationally consistent supervision of CRAs in the interests of protecting financial markets and investors in the EU.
15/03/2012 2012/195 Keynote speech by Steven Maijoor, Chair of ESMA, at the EVCA Investors’ Forum Speech PDF
191.14 KB
This speech was given at the EVCA Investors’ Forum in Geneva on 15 March 2012
22/03/2012 2012/207 ESMA’s Report on the Supervision of Credit Rating Agencies Final Report PDF
323.81 KB
This report provides an overview of ESMA’s supervisory activity on Credit Rating Agencies (CRAs) registered in the European Union and summarises the results of ESMA’s first examination of the three groups of registered CRAs (Fitch Ratings, Moody's Investors Services, and Standard & Poor's Rating Services). The examination referred to in this document is the first step in an ongoing supervisory process conducted by ESMA and therefore does not represent a full scope investigation. The observations set forth in this Report refer to common issues affecting CRAs activities. As of the date of this document, ESMA has not determined whether any observation highlighted below constitutes a breach of the provisions of the Regulation. ESMA is still progressing in its assessment of the areas discussed in this Report. This Report is not based on a decision by ESMA’s Board of Supervisors; therefore it is published without prejudice to the possibility of further investigations which could lead to enforcement or supervisory actions.
22/03/2012 2012/220 ESMA issues a report on its first examinations of credit rating agencies , Press Release PDF
189.81 KB
ESMA today publishes a report (ESMA/2012/207) on the supervision of Credit Rating Agencies (CRAs) registered in the European Union (EU). The report provides an overview of ESMA’s supervisory activity and summarises the results of the first examinations ESMA conducted in December 2011 of three groups of CRAs, namely Fitch Ratings (Fitch), Moody’s Investor Services (Moody’s) and Standard and Poor’s Rating Services (S&P).
18/04/2012 2012/256 ESMA approves credit ratings from Argentina and Mexico for use in the EU , Press Release PDF
186.59 KB
The European Securities and Markets Authority (ESMA) announces today that it considers the regulatory frameworks for credit rating agencies (CRAs) of Argentina and Mexico to be in line with European Union rules.  Today’s announcement allows European financial institutions to continue using credit ratings issued in these countries for regulatory purposes after 30 April 2012.In order to facilitate regulatory information exchange, and as a precondition to endorsement, ESMA has entered into co-operation agreements for the supervision of CRAs with the national competent authorities of Argentina and Mexico.  Ratings issued under the regulatory frameworks of Australia, Canada, Hong Kong, Japan, Singapore and the United States have already been approved for use in the EU.
18/04/2012 2012/259 Technical advice on CRA regulatory equivalence- US, Canada and Australia Technical Advice PDF
697.78 KB
On 12 June 2009 the European Commission requested CESR, now ESMA, to provide its technical advice on the equivalence between the legal and supervisory framework of Japan, The United States, and Canada with the EU regulatory regime for credit rating agencies. (Regulation (EC) No. 1060/2009 of the European Parliament and the Council on credit rating agencies ). On 17 November 2009, the Commission also requested CESR to provide its technical advice on Australia. On 28 September 2010, the European Commission published an equivalence decision on Japan. With regard to the compliance with the EU requirements on endorsement, ESMA had already indicated that it considers the legal and regulatory regime for CRAs supervision of the following countries as “as stringent as” the EU requirements:        - On 22 December 2011, Japan and Australia;        - On 15 March 2012, US, Canada, Hong Kong and Singapore. This report sets out ESMA’s advice to the European Commission in respect of the equivalence between the US (Part I), Canada (Part II) and Australia (Part III) respective legal and supervisory frameworks and the EU regulatory regime for credit rating agencies.
26/04/2012 2012/271 The sovereign debt crisis and the EU single market: where is further work needed from a securities markets perspective? Speech PDF
292.2 KB
This speech was given by Steven Maijoor, ESMA Chair, at the ECB high level conference on Financial Integration and Stability on 26 April 2012.
27/04/2012 2012/273 How the new regulatory and supervisory framework protects Europe’s markets and consumers Speech PDF
227.04 KB
Speech given by Steven Maijoor, ESMA Chair, at the Central Bank of Ireland Stakeholder Conference on 27 April 2012.
27/04/2012 2012/274 ESMA approves credit ratings from Brazil for use in the EU , Press Release PDF
182.58 KB
ESMA considers the regulatory framework for credit rating agencies (CRAs) of Brazil to be in line with European Union rules. This allows European financial institutions to continue using credit ratings issued in Brazil for regulatory purposes after 30 April 2012. In order to facilitate the exchange of regulatory information, and as a precondition to endorsement, ESMA has also entered into a co-operation agreement for the supervision of CRAs with the Securities and Exchange Commission of Brazil (Comissão de Valores Mobiliários – CVM).
10/05/2012 2012/307 European Accounting Association (EAA) 35th Annual Congress – Ljubljana, 9 May 2012 Speech PDF
141.35 KB
Speech delivered by Steven Maijoor at the 35th European Accounting Association Annual Congress in Ljubljana, Slovenia on Wednesday 9 May 2012.
11/05/2012 2012/314 Shaping the future of Europe’s financial markets Speech PDF
100.99 KB
Verena Ross, Executive Director of ESMA, delivered a speech on "Shaping the future of Europe's financial markets" to the Centre Forum this morning in London.
16/05/2012 2012/321 Public Statement at the 2012 IOSCO Annual Conference Speech PDF
114.98 KB
Steven Maijoor delivered a speech this morning at IOSCO's 2012 Annual Conference in Beijing where he was appearing on panel on New Financial Architecture and International Standards Setting in the Post-Crisis Era.
23/05/2012 2012/326 Speech by Steven Maijoor at the Government Borrowers Forum Speech PDF
97.71 KB
Speech given by Steven Maijoor, Chair of ESMA, at the Government Borrowers Forum in Helsinki on 23 May 2012
24/05/2012 2012/328 Keynote speech at the ICMA conference- Verena Ross Speech PDF
135.46 KB
Verena Ross, Executive Director of ESMA, today gave the keynote address at the ICMA conference in Milan
13/06/2012 2012/367 The role of ESMA in European and international regulatory cooperation Speech PDF
161.62 KB
Speech by Verena Ross, Executive Director of ESMA, given on 12 June 2012 at the International Council of Securities Associations in Copenhagen
05/07/2012 2012/425 Keynote address of Steven Maijoor, Chair of ESMA at the Europlace Financial Forum Speech PDF
126.48 KB
Steven Maijoor delivered the key note speech at the Europlace Financial Forum in Paris on 4 July 2012.
19/07/2012 2011/454 MOU on the supervision of CRAs- ESMA and ASIC , Reference PDF
4 MB
This document contains two copies of the MOU, signed by ESMA and by the ASIC.
19/07/2012 2012/124 MOU on the supervision of CRAs- ESMA and MAS , Reference PDF
574.14 KB
19/07/2012 MOU SFC ESMA MOU on the supervision of CRAs- ESMA and SFC Hong Kong , Reference PDF
497.63 KB