S&P welcomes EU ratings legislation

clock

Standard & Poor's has welcomed today's approval by the European Parliament of a new system to register and regulate ratings firms within the EU.

S&P says the initiative should play an important role in building confidence in credit ratings and markets in the region and reassure investors about the quality and integrity of ratings. President, Deven Sharma, says: "Formal oversight by securities regulators in the EU of ratings firms' policies and processes - combined with the ongoing intensive scrutiny of credit ratings by the market - will mean more transparency and accountability for ratings providers, and greater confidence in ratings." He says S&P had already adopted a range of its own measures to enhance the transparency, inde...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

March 2024: Month in review with deputy editor Jenna Brown

March 2024: Month in review with deputy editor Jenna Brown

Take a look at some of the news and feature highlights of the last month

Jenna Brown
clock 28 March 2024 • 5 min read
Wren Sterling adds £265m in client assets in latest deal

Wren Sterling adds £265m in client assets in latest deal

First advisory firm purchase of 2024 for national financial planner

Jenna Brown
clock 28 March 2024 • 1 min read
Consumer Duty Alliance looks to attract advice industry talent

Consumer Duty Alliance looks to attract advice industry talent

New Talent Alliance will be chaired by M&G Wealth Advice MD Tom Hegarty

Isabel Baxter
clock 27 March 2024 • 2 min read