" 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. "
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ESMA clarifies boundary of CRA Regulation

17 June 2013
The European Securities and Markets Authority (ESMA) has published its Guidelines and Recommendations on the Scope of the CRA Regulation. The Guidelines clarify certain aspects of the scope of the Credit Rating Agencies (CRA) Regulation for registered CRAs, market participants operating on the perimeter of this sector and national securities markets regulators.

The whole text of the press release available at the link below:

http://www.esma.europa.eu/system/files/2013-743_esma_clarifies_boundary_of_cra_regulation.pdf

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