" The primary objective of the MNB shall be to achieve and maintain price stability. Without prejudice to its primary objective, the MNB shall support the maintenance of the stability of the financial intermediary system, the enhancement of its resilience, its sustainable contribution to economic growth; furthermore, the MNB shall support the economic policy of the government using the instruments at its disposal. "
ESMA approves credit ratings from Argentina and Mexico for use in the EU
The European Securities and Markets Authority (ESMA) announces today that it
considers the regulatory frameworks for credit rating agencies (CRAs) of Argentina
and Mexico to be in line with European Union rules. Today’s announcement allows
European financial institutions to continue using credit ratings issued in these
countries for regulatory purposes after 30 April 2012.
The whole text is available enclosed.
ESMA approves credit ratings from Argentina and Mexico for use in the EUdata/cms2346662/ESMAapprovescreditratingsfromArgentinaandMexicoforusentheEU.PDFESMAapprovescreditratingsfromArgentinaandMexicoforusentheEU.PDFapplication/pdf122125170