Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-12-15-Speech-3-941"
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"en.20101215.23.3-941"2
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There is a need to move towards this change so that Regulation (EC) No 1060/2009 can be adapted to the new European supervisory architecture and so that a new mechanism for the centralisation of the operations of rating agencies can be introduced. Thus the European Supervisory Authority (European Securities and Markets Authority – ESMA) will be given its own powers of supervision, investigation and for the application of sanctions. It is essential that ESMA is in a position to exercise its powers and to ensure the vigorous supervision of credit rating agencies active within the European Union."@en1
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