Supervision · Laws and Regulations

Esma fines Scope Ratings €2.2 mln euro for regulatory breaches

Verena Ross, chair of Esma
The European Securities and Markets Authority (Esma), the EU’s financial markets regulator, has fined the European rating agency Scope 2.2 million euro for breaches of the Credit Rating Agencies (CRA) Regulation. The penalty is for Scope’s failure to manage conflicts of interest adequately, involving both structural and specific non-compliance issues.
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