The European Commission launched a consultation in November 2010 on credit ratings agencies. We have responded to the consultation and the full document can be read using the View Document button below. The EACT welcomes the Commission's initiative in publishing a working document for discussion and consultation purposes.
Credit ratings play a key role in the financial system for issuers as well as investors, contributing to financial stability and supporting the prospects for growth. The provision of ratings underpins the pricing of debt and adds to market liquidity, both of which are key elements in open and competitive markets.
There is understandable concern, following the financial crisis of 2008, that change is needed. However, the EACT hopes that, as the Commission moves forward to develop proposals, it will take due account of what works well at present and avoid endorsing proposals that may be politically attractive but lack substance in analysis and fact.
As a new chapter is opening for the European Union, with a new European Commission soon in place and a new European Parliament now elected, it is time for some fresh thinking to set up the EU economy for success and competitiveness.
View MoreAs adoption of real-time and other payment types increases across the globe, fraud detection strategies must also evolve. In parallel, the regulatory bodies overseeing payments are adapting their requirements.
View MoreEACT Board Member, Guillermo De La Fuente has been selected as member of the European Banking Authority (EBA)'s Stakeholder Group.
View MoreThis year, we received circa 250 answers from Group Treasurers of the largest international companies across Europe. We are delighted to share the results with you.
View MoreThe Italian association (AITI) are pleased to share a survey on sustainable supply chain finance. All EACT members are invited to take part.
View More