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ESMA_Speech_Verena_Ross_EACT_Summit

· Verena Ross, Chair of the European Securities and Markets Authority (European Union)

Summary written by Dark Majestic in its own words · topics: banking regulation and supervision

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· Verena Ross Wiki · European Securities and Markets Authority WikiESMA_Speech_Verena_Ross_EACT_Summit

ContextSpeech at the European Association of Corporate Treasurers summit in Brussels; ESMA protects investors and keeps EU markets orderly, and supervises credit rating agencies.

Why it mattersRoss explains ESMA's tools for supervising credit rating agencies.

Problems raised
  1. Markets must finance the real economy.
  2. Credit rating agencies carry risks.
  3. Supervisors need effective tools.
Solutions proposed
  1. Ensure orderly capital markets.
  2. Engage with and investigate rating agencies.
  3. Require remedial action plans where needed.
Read full speech on esma.europa.eu ↗

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