The EU Commission adopts new proposals on credit rating agencies featuring competition-related remedies

Petit, Nicolas

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15 Nov 2011

The EU Commission adopts new proposals on credit rating agencies featuring competition-related remedies

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References

EU Commission, Commission wants better quality credit ratings, Press release IP 11/1355, 15 November 2011

EU Commission, Draft, Proposal for a Regulation of the European Parliament and Council amending Regulation (EC), N. 1060/2009, 4 November 2011

There’s no way, but the hard way* The Commission’s Draft Proposal for a New Regulation on Credit Rating Agencies (“CRAs”) is just out. It enshrines a whole host of competition-related remedies (see text at the end of this post). Amongst the proposals on the table: • A limitation of the duration of CRA-issuers business relationships to a maximum of 3 years (article 6b); • Injunctions

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Author

Nicolas Petit
European University Institute (Florence)

Italy 49 contributions 104273 visits

Quotation

Nicolas Petit, The EU Commission adopts new proposals on credit rating agencies featuring competition-related remedies, 15 November 2011, e-Competitions November 2011, Art. N° 40189

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