EPP Group Notes Success in Calming Financial Markets by Establishing Timelines and Rules for Debt Ratings Agencies

EPP Group Notes Success in Calming Financial Markets by Establishing Timelines and Rules for Debt Ratings Agencies

Release Date: 04 April 2014
Jean-Paul Gauzès MEP, the EPP Group's Coordinator in the Economic and Monetary Affairs Committee, says a new law enacted by Parliament will bring more stability to financial markets by limiting surprise ratings announcements. European Commissioner Michel Barnier says the ratings agencies are adapting to the new rules, part of an ongoing effort to reform the financial system in Europe. Available material includes an edited package.
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