- Reuters•6 months ago
Ratings agencies in the European Union, which came under fire during the financial crisis for the verdicts they gave on sub-prime debt, still need to be better supervised, the bloc's auditor said on Monday. The European Court of Auditors said that the European Securities and Markets Authority's supervision of the agencies since 2011 was well established, but not fully effective. "Credit ratings are important for investors and participants in the equity and bond markets, in some cases even replacing investors' due diligence," said Baudilio Tome Muguruza, the Court member who wrote the 70-page report.
- Reuters•7 months ago
European Union attempts to inject more competition into credit ratings still have a long way to go as the bloc's latest market share figures confirm the growing dominance of the "Big Three" agencies. Standard & Poor's has a market share of 40.42 percent in the 28-country bloc, followed by Moody's Group , with 34.67 percent. Fitch is third, with 16.8 percent, figures from the EU's European Securities and Markets Authority (ESMA) showed on Friday.
F. Marc de Lacharrière (Fimalac) S.A.Paris
|Bid||96.95 x 1400|
|Ask||97.40 x 200|
|52wk Range||72.50 - 100.00|
|Day's Range||97.00 - 97.44|
|Avg Vol (3m)||1,025|
As of 11:35 AM EDT. Market closed.