Bringing you live news and features since 2006 

ESMA approves Dagong Europe as a credit rating agency

RELATED TOPICS​

The European Securities and Markets Authority (ESMA) has formally approved the registration of Dagong Europe Credit Rating, based in Italy, as a credit rating agency (CRA) under Article 16 of the CRA Regulation. 

 
The registration takes effect from 13 June 2013.
 
Dagong Europe’s registration as a CRA means that its credit ratings can be used for regulatory purposes under EU legislation.
 
A registered CRA must continue to comply, on an ongoing basis, with the regulatory requirements set out under the CRA Regulation. 
 
There are currently 21 registered and two certified CRAs in the EU. Amongst the 21 registered CRAs, three operate under a group structure, totalling 16 legal entities in the EU, which means that the total number of CRA entities registered in the EU is now 34.
 
ESMA’s supervisory mandate applies to all credit rating agencies established or used for regulatory purposes in the EU which issue credit ratings disclosed publicly or distributed by subscription. The exercise of that supervision includes the possibility to impose sanctions and other forms of penalties in case of breaches of the requirements established by regulation. Those requirements include the obligation to be registered by ESMA before engaging in rating activities.

Latest News

Saving and investing app, Moneybox, has doubled the number of ETFs available on the platform, in the light of ‘growing..
Global X ETFs has announced the appointment of Ryan O'Connor as its Chief Executive Officer effective as of April 8, 2024. ..
Value-driven structured credit investing firm, Angel Oak Capital Advisors, LLC, has announced the completed conversions of two of its mutual..
Confidence in the continuing strength of bitcoin and Ethereum is driving wider interest in altcoins and other digital assets, according..

Related Articles

Frank Koudelka, State Street Global Services
ETF data provider and ETF Express data partner, Trackinsight, has published its Global ETF Survey 2024 Report: ‘50+ Charts on...
Cryptocurrencies
Matteo Greco, Research Analyst at Fineqia International writes that bitcoin (BTC) ended the week at approximately USD52,150, showing a notable...
US Distribution Awards trophies
The winners of the first US ETF Distribution Awards at the Exchange conference, hosted by ETF Express and sponsored by...
Thomas Bonville, Clear Street
Just over a year ago, Thomas Bonville joined New York-based, prime brokerage Clear Street as managing director, head of derivative...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by