Credit rating agencies can still access EU market: MAS

  • 📰 thenewpaper
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 63%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Credit rating agencies in Singapore are not expected to have their business affected by the European Commission's decision to strip five countries of some market access rights, the Singapore authorities said yesterday. The European Commission confirmed it has deemed that...

The four agencies here are: Standard and Poor's, Fitch Ratings, Moody's and AM Best Asia Pacific.

EU financial services law includes around 40 areas for equivalence decisions. The aim, said the Financial Times, is to ensure that trading platforms, brokers and other companies based in non-EU financial centres can serve European clients as long as they undergo strong regulation and supervision.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 7. in İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Singapore among 5 countries to be stripped of some EU market access rights this week: FTSINGAPORE (July 29): The European Commission will strip Singapore and four other countries of some market access rights this week, according to a Financial Times report citing a document. The European Commission will deem that Singapore, Canada, Brazil, Argentina and Australia no longer regulate credit
Source: YahooSG - 🏆 3. / 71 Read more »

EU to strip five countries, including Singapore, of some market access rights, FT saysNEW YORK (BLOOMBERG) - The European Commission will deem that Canada, Brazil, Singapore, Argentina and Australia don't regulate credit ratings agencies with the same rigour as the EU, the Financial Times reported on Sunday (July 28), citing a document.. Read more at straitstimes.com. All a sudden , many arrow shoot at our back
Source: The Straits Times - 🏆 8. / 63 Read more »

EU to strip 5 countries, including Singapore, of some market access rights, says FT[NEW YORK] The European Commission will deem that Canada, Brazil, Singapore, Argentina and Australia do not regulate credit ratings agencies with the same rigour as the EU, the Financial Times reports citing a document. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »