The European Commission is acting to bring transparency to the market for Credit Rating Agencies.
The European Securities and Markets Authority (ESMA) started work on 1st January, one of its tasks will be to supervise and maintain the register of Credit Rating Agencies.
EU : Make sure Banks don't use loans at 1 % to beef-up self-bonuses , waste-perks and high risk-hedge fund investments, since they are mostly corrupt,greedy and incompetent,and the proof is the 2008 Derivatives-Junk Mortgages disaster, the Sovereign Bonds, B.Madoff, speculators in gold and oil, etc., etc. :Loans must go to new Jobs, family and medium businesses and farms, etc. but Hedge-Funds , speculators and advisers will try to scam the money, AGAIN ! financialtools1.blogspot.com
financialtools1 1 month ago