The European Securities and Markets Authority (ESMA) has published its Annual Report 2013 (Report) on credit rating agencies (CRAs) in the European Union (EU). The Report also outlines ESMA’s supervisory work plan for this year.ESMA has found that CRAs continue to progress in how they comply...

The updated Q&A provides clarifications regarding the publication of sovereign ratings and conflict of interests concerning investments in CRAs.The purpose of this Q&A is to provide clarity on the requirements and practice in the application of the CRA Regulation and in particular, the CRA 3...

Trading Platforms (TPs), which have automated trading members, have been the focus of increased attention in recent years. ESMA therefore decided in 2013 to conduct a peer review on the Guidelines on systems and controls in an automated trading environment for trading platforms, ESMA 2012/122...

The European Securities and Markets Authority (ESMA) published a Consultation Paper on Guidelines on the information that should beperiodically submitted to ESMA by credit rating agencies (CRAs). In this Final Report, ESMA considers the responses received to the consultation paper during Q3 2014...

This report focuses on how Dexia Bank Belgium has responded to the considerable challenges resulting from the financial and economic crisis, and how the transformation of its workforce has been managed under these circumstances. It specifically emphasises the role of the social partner...

This case study demonstrates how Danske Bank, one of the largest banks in northern Europe, has dealt with the impact of the financial crisis. It also shows how it has coped with longer term restructuring requirements arising from rapid expansion and internationalisation of the bank, the...