Strasbourg, 11/02/2004 (Agence Europe) - Determined to learn the lessons of the Enron bankruptcy in the USA, the European Parliament is calling on the European Parliament to "take all necessary measures" (notably to carry out a cost-effectiveness study on the effects on the financial markets) to establish whether it is necessary to establish, under the auspices of the Committee of European Securities Regulators (CESR), a European system for registering credit notation agencies. This position was defended by the EP on Tuesday in Strasbourg: 453 votes for, 41 against with 43 abstentions, in the own initiative report of Giorgios Katiforis (PES, Greece) on credit notation agencies in Europe. According to MEPs, this system will be created on the basis of well defined and public accessible criteria, such as the credibility of market actors, objectiveness, independence, competency of personnel, financial soundness, existence of internal procedures for settling conflicts of interest and the transparency of operations. The Commission has been called on to facilitate close contact with other market regulators from the international organisation of securities in a way that ensures the overall cohesion of all development in the sector. The EP is also asking the Commission to provide it with a report on developments up to 2005 and intermittently after this date.