Traduction de «Agence de notation de crédit » (Français → Anglais) :

Brussels, 15 November 2011 - Credit rating agencies (CRAs) are major players in today's financial markets, with rating actions having a direct impact on the actions of investors, borrowers, issuers and governments.

2. Calls on the Commission to encourage existing businesses to become registered as CRAs under European legislation by reducing barriers to entry or expansion in the CRA sector at all levels; takes the view that this may enhance competition in this sector but strongly cautions that such measures should not reduce the quality or standard of ratings; suggests that the Commission could investigate methods of supporting networks of CRAs, but takes the view that any such network be an industry-led initiative, and highlights the importance of improving the competitiveness of European CRAs, because of their better understanding of the average ...[+++] European company and their good knowledge of, and specialisation in, European SMEs, industries and countries;

The EESC will argue for tougher regulation and supervision of credit rating agencies, which are widely blamed for underestimating the credit risk of certain financial products and thus unnerving the financial markets.

Credit rating agencies: measures addressing e.g. conflicts of interests, quality assurance systems and oversight in a manner consistent with the considered recommendations of the Financial Stability Forum, the International Organisation of Securities Commissions, the Committee of European Securities Regulators and the European Securities Markets Expert Group relating to potential enhancement of credit rating processes, drawing lessons where appropriate from the oversight of auditors; give particular consideration to: transparency on rating methodologies, assumptions and stress tests; for supervisors to be able to call for an 'audit trail' of the originator/cred ...[+++]it rating agency correspondence and to be notified in the event of significant concerns over models; ensure that credit rating agencies provide enhanced information as to the particular characteristics of complex debt products, mortgage related products and traditional debt, and that the rating agencies apply differentiated symbols for the rating of complex debt products, mortgage related products and traditional debt; foster transparency of credit rating agencies, provide enhanced transparency as to the methodology and criteria relevant to particular ratings of complex debt products, mortgage related products and traditional debt.

Credit rating agencies: measures addressing e.g. conflicts of interests, quality assurance systems and oversight in a manner consistent with the considered recommendations of the Financial Stability Forum, the International Organisation of Securities Commissions, the Committee of European Securities Regulators and the European Securities Markets Expert Group relating to potential enhancement of credit rating processes, drawing lessons where appropriate from the oversight of auditors; give particular consideration to: transparency on rating methodologies, assumptions and stress tests; for supervisors to be able to call for an 'audit trail' of the originator/cred ...[+++]it rating agency correspondence and to be notified in the event of significant concerns over models; ensure that credit rating agencies provide enhanced information as to the particular characteristics of complex debt products, mortgage related products and traditional debt, and that the rating agencies apply differentiated symbols for the rating of complex debt products, mortgage related products and traditional debt; foster transparency of credit rating agencies, provide enhanced transparency as to the methodology and criteria relevant to particular ratings of complex debt products, mortgage related products and traditional debt.

(d) Credit rating agencies: measures addressing e.g. conflicts of interests, quality assurance systems and oversight in a manner consistent with the considered recommendations of the Financial Stability Forum, the International Organisation of Securities Commissions, the Committee of European Securities Regulators and the European Securities Markets Expert Group relating to potential enhancement of credit rating processes, drawing lessons where appropriate from the oversight of auditors; give particular consideration to: transparency on rating methodologies, assumptions and stress tests; for supervisors to be able to call for an 'audit trail' of the originator/cred ...[+++]it rating agency correspondence and to be notified in the event of significant concerns over models; ensure that credit rating agencies provide enhanced information as to the particular characteristics of complex debt products, mortgage related products and traditional debt, and that the rating agencies apply differentiated symbols for the rating of complex debt products, mortgage related products and traditional debt; foster transparency of credit rating agencies, provide enhanced transparency as to the methodology and criteria relevant to particular ratings of complex debt products, mortgage related products and traditional debt.