Council adopts new rules on credit rating agencies
EU News 229/2013
COUNCIL OF THE EUROPEAN UNION
Brussels, 13 May 2013
The directive and regulation amend existing legislation on CRAs in order to reduce investors' over-reliance on external credit ratings, mitigate the risk of conflicts of interest in credit rating activities and increase transparency and competition in the sector.
1 The decision was taken without discussion at a meeting of the Agricultural and Fisheries Council.
Source and additional information: