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Technical advice in accordance with Article 39(b) 2 of the CRA Regulation regarding the appropriateness of the development of a European creditworthiness assessment for sovereign d...

European Securities and Markets Authority - 2014

Article 39b(2) of the CRA Regulation states that the European Commission shall adopt a report by end 2014 – after receiving ESMA’s technical advice – on the appropriateness of the development of a European creditworthiness assessment for sovereign debt.In its request for advice, the...

Persistent link: https://www.econbiz.de/10010392282

Technical advice : in accordance with Article 39(b) 2 of the CRA Regulation regarding the appropriateness of the development of a European creditworthiness assessment for sovereign...

European Securities and Markets Authority - 2014

For the purposes of this advice, ESMA provides its views based on the quantitative information contained in the CEREP public database and on information publicly disclosed by credit rating agencies registered with ESMA.Additionally, ESMA’s advice has been informed by its first supervisory...

Persistent link: https://www.econbiz.de/10010464667

Credit rating agencies : ESMA’s investigation into structured finance ratings

European Securities and Markets Authority - 2014

The European Securities and Markets Authorities (ESMA) has published this report to inform of the outcome and findings of its general investigation in the way credit rating agencies (CRAs) conduct surveillance of structured finance credit ratings, as indicated in ESMA’s Credit Rating Agencies...

Persistent link: https://www.econbiz.de/10010478748

Credit Rating Agencies’ 2014 market share calculations for the purposes of Article 8d of the CRA Regulation

European Securities and Markets Authority - 2014

One of the objectives of the CRA Regulation is to increase competition in the markets for credit ratings by encouraging issuers to use smaller credit rating agencies. To this end, Article 8d(1) of the CRA Regulation states that where issuers or related third parties intend to appoint at least...

Persistent link: https://www.econbiz.de/10010480783

Option-implied asymmetries in bond market expectations around monetary policy actions of the ECB

Vähämaa, Sami - 2004

This paper uses data on German government bond futures options to examine the behaviour of market expectations around … monetary policy actions of the European Central Bank (ECB). In particular, this paper focuses on the asymmetries in bond market … expectations, as measured by the skewness of option-implied probability distributions of future bond yields. The results show that …

Persistent link: https://www.econbiz.de/10009636538

Study on the responsible management of the supply chain in the garment sector

Slob, Bart (contributor); Ganguli, Rupa (contributor) - AETS - 2016

The objective of this study is to contribute to an ongoing background analysis, building on work already carried out within and outside of the European Commission with respect to engagement in the garment sector to support sustainability in the garment industry. The analysis will essentially...

Persistent link: https://www.econbiz.de/10011799518

Mapping EU Media Support 2000-2010

Puddephatt, Andrew (contributor); … - EPRD - 2012

The overall objective of the present study is to improve the quality the EC and other donors’ media support by providing an analyses of the EC ́s assistance so far and recommendations on future strategies and modalities. This present report focuses on the activities so far, while a separate...

Persistent link: https://www.econbiz.de/10011887673

The high-yield segment of the corporate bond market

Bondt, Gabe de; Marqués, David - 2004

This study empirically examines the development of the high-yield segment of the corporate bond market in the United … found to be higher in Europe than in the United States as also macroeconomic factors are considered. The high-yield bond …

Persistent link: https://www.econbiz.de/10009636536

Interpreting implied risk-neutral densities

Hördahl, Peter; Vestin, David - 2003

premia in bond prices. Moreover, the estimated premia vary over time in a quantitatively significant way, which implies that …

Persistent link: https://www.econbiz.de/10009635905

Interest rate reaction functions and the Taylor rule in the euro area

Gerlach-Kristen, Petra - 2003

Traditional Taylor rules, which are estimated using a level specification linking the short-term interest rate to inflation and the output gap, are unstable when estimated on euro area data and forecast poorly out of sample. We present an alternative reaction function which takes the...

Persistent link: https://www.econbiz.de/10009635919