ESMA fines Scope EUR 2,197,500 for breaches of conflict of interest obligations

ESMA has fined Scope Ratings GmbH (Scope) a total of EUR 2,197,500, and issued a public notice, for breaches of the Credit Rating Agencies Regulation (CRA Regulation). ESMA found that Scope fell short of the CRA Regulation’s requirements on handling conflicts of interest. This finding resulted from structural failures and specific breaches of the conflict of interest obligations in the CRA Regulation.

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T+1 feedback report shows mixed impacts of shortening the settlement cycle in the EU

ESMA published feedback received to its Call for Evidence on shortening the settlement cycle focused on four areas.

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Trends, Risks and Vulnerabilities (TRV) Report, No. 1, 2024

ESMA published its first risk monitoring report of 2024, where it sets out the key risk drivers currently facing financial markets. Beyond the risk drivers, the report provides an update on structural developments and the status of key sectors of financial markets, during the second half of 2023.


 

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ESMA Strategic priorities for the next five years & 2024 Work Programme

ESMA will focus on strengthening supervision, enhancing the protection of retail investors, fostering effective markets and financial stability, enabling sustainable finance, as well as facilitating technological innovation and effective use of data.

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