EU CRAs market shares for 2022
21/12/2023
On December 20th, 2023, the European Securities and Markets Authority (“ESMA”), the supervisor of Credit Rating Agencies (“CRAs”) in the
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While credit ratings are used on a global basis by a variety of investors/users, the legal framework on credit rating agencies differs substantially from country to country. In recent years, several countries have adopted new legislation on CRAs and others may have updated their applicable legal frameworks.
In this section we review the legal framework in several jurisidictions in order to identify the following:
On December 20th, 2023, the European Securities and Markets Authority (“ESMA”), the supervisor of Credit Rating Agencies (“CRAs”) in the
On November 30th, 2023, the UK Financial Conduct Authority (“FCA”), the supervisor of Credit Rating Agencies (“CRAs”) published the annual
On November 13th, 2023, the European Supervisory Authorities (“ESAs”), composed of EBA, ESMA and EIOPA, published their final report on
The above graph outlines the largest credit rating agencies in (non-financial) corporate ratings measured against the number of ratings outstanding
The United Kingdom left the European Union on January 31st, 2020 and the transition period ended on December 31st, 2020.
Date Of Last Update: September 2023 The regulatory use of ratings in Switzerland is mainly defined by Swiss Financial Market
Article 8d of the EU Regulation on Credit Rating Agencies, requires issuers and related third parties intending to appoint at
On December 22nd, 2021, ESMA published the report for the year 2020:
On June 28th, 2013, the so called “CRD IV Package” relating to the Capital Requirements of financial institutions was adopted
Legal Background Whereas credit assessments from Export Credit Agencies (“ECA”) are not covered by the CRA regulation, the directive 2006/48/EC