ESMA - European Securities and Markets Authority

Monday 19 March 2018 13:16

Monday 19 March 2018 13:07

Thursday 15 March 2018 15:31

ESMA registers SPMW Rating Sp. z o.o. as a CRA

Thursday 15 March 2018 14:37

The European Securities and Markets Authority (ESMA), the EU’s direct supervisor of credit rating agencies (CRAs), has registered SPMW Rating Sp. z o.o. as a CRA under Regulation (EC) No 1060/2009 of the European Parliament and of the Council of 16 September 2009 on credit rating agencies (CRA Regulation), with effect from 15 March 2018. SPMW Rating Sp. z o.o. is based in Poland, issuing sovereign and public finance ratings and corporate ratings.

The CRA Regulation seeks to ensure that credit ratings issued in the EU respect minimum standards of quality, transparency and independence by providing that only companies registered by ESMA as CRAs may lawfully issue credit ratings which can be used for regulatory purposes by credit...

Thursday 15 March 2018 14:36

ESAs weigh benefits and risks of Big Data

Thursday 15 March 2018 12:01

The Joint Committee of the European Supervisory Authorities (ESAs) published today its final report on Big Data analysing its impact on consumers and financial firms. Overall, the ESAs have found that while the development of Big Data poses some potential risks to financial services consumers, the benefits of this innovation currently outweigh these. Many of the risks identified by the ESAs are mitigated by existing legislation.

The report concludes that Big Data brings many benefits for the financial industry and consumers, such as more tailored products and services, improved fraud analytics, or enhanced efficiency of organisational internal procedures. On the other hand, financial services consumers should be made...

Thursday 15 March 2018 11:59

Thursday 15 March 2018 11:58

Thursday 15 March 2018 11:58

Thursday 08 March 2018 16:29