Brussels, 10/01/2006 (Agence Europe) - At the end of December, the Commission adopted a Communication rejecting any idea of submitting a legislative proposal on credit rating agencies. Like the Committee of European Securities Regulators (CESR), it considered that existing European legislation along with the International Organisation of Securities Commissioners' (IOSCO) code of conduct provide a sufficient regulatory framework. It said it would, however, continue to follow developments in...