Credit rating agencies can still access EU market: MAS

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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.

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