Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-12-14-Speech-2-526"

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"en.20101214.37.2-526"2
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"Mr President, the aim of the amendments suggested by Mr Gauzès’s report is to provide additional details concerning ESMA’s new powers in relation to national agencies. My view is that the remit should be defined very clearly. In addition, financial market participants should be able to identify the competent authority in the rating agencies sector. I think that the new authority should have sole responsibility for registering and supervising existing rating agencies. They should have the opportunity to access information about the financial instruments being evaluated by competitors. At the same time, access to websites should only be given if the confidentiality of the information requested can be guaranteed. Finally, I wish to stress the importance of a credit rating agency being registered by a competent authority and its validity throughout the whole EU."@en1
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