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.
Tarek is an experienced public affairs expert, specialising in EU financial regulation and has previously advised financial and non-financial companies across the entire financial services value chain on their EU policy advocacy strategies at FleishmanHillard. Tarek has a profound understanding of the regulatory issues impacting treasury and of the strategic objectives of the EACT.
View MoreRead the EACT's response to the European Commission's new digital finance strategy for Europe / FinTech action plan.
View MoreThe EACT is grateful for the opportunity to respond to the consultation on the implementation of new retail payments strategy. Read our position here.
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The latest issue looks at the results of the EACT Survey, FX hedging in volatile markets, and shares the latest news from EACT and its member associations.
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The latest issue looks at how to plan liquidity requirements during Covid-19, defend against fraud and cyberattacks, and shares the latest news from EACT and its member associations.
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