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Image header Agence Europe
Europe Daily Bulletin No. 11068
ECONOMY - FINANCE - BUSINESS / (ae) finance

Credit rating agency rules in five new countries deemed “equivalent”

Brussels, 28/04/2014 (Agence Europe) - On Monday 28 April, the European Commission adopted five decisions to enable small credit rating agencies (CRAs) in Argentina, Brazil, Hong Kong, Mexico and Singapore to request a certificate of equivalence in the EU, which would enable their credit ratings to be used by EU financial institutions for regulatory purposes. The Commission says that the legal and supervisory frameworks for the five credit rating agencies are equivalent to the requirements...

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