" 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 proposes guidelines on the scope of the CRA Regulation
The European Securities and Markets Authority (ESMA) has launched a Consultation
Paper on Guidelines and Recommendations on the scope of the CRA Regulation. The draft Guidelines aim to provide clarification on certain aspects of the
scope of the Credit Rating Agencies (CRA) Regulation to registered CRAs, other
market participants operating on the perimeter of this sector and to national
securities markets regulators.
The whole text is available attched.
ESMA proposes guidelines on the scope of the CRA Regulationdata/cms2379022/esma_pr_20121220.pdfapplication/pdf1091356015760103