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Europe Daily Bulletin No. 9855

6 March 2009
GENERAL NEWS / (eu) eu/financial services
Progress in Council negotiations on European regulation of credit rating agencies

Brussels, 05/03/2009 (Agence Europe) - On Wednesday 4 March, member states' ambassadors agreed a general approach, by qualified majority, on the draft regulation bringing in a Community system for the registration and supervision of credit rating agencies (see EUROPE 9821). The Czech Presidency now has a mandate to negotiate a first reading agreement with the European Parliament by the end of April. Some delegations hope, like the Commission, that negotiations between Council and EP will...

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