Featured Product

    ESMA Publishes Market Share Figures for Credit Rating Agencies in EU

    November 29, 2019

    ESMA published its annual market share calculation for EU registered credit rating agencies (CRAs) for 2019. The results show that the three largest CRAs—S&P Global Ratings, Moody’s Investor Service, and Fitch Ratings—account for 92.1% of the market for credit rating agencies in EU, representing a 2.7% increase on 2018. The remaining 7.9% of the market is shared between the other 23 CRAs that are registered in EU. The annual market share calculation also provides a breakdown of the type of ratings offered by each registered CRA as well as the proportion of ratings for EU debt issuance by asset class. This market share calculation is valid for use from its date of publication and is applicable until the date of publication of the next Market Share Calculation in 2020.

    The CRA Regulation, under Article 8d, specifies that issuers and related third parties are required to consider appointing a CRA with no more than 10% total market share whenever they intend to appoint one or more CRAs to rate an issuance or entity. The report on the CRA market share calculation provides background and guidance on how the market share calculation should be used by issuers or related third parties. It also provides information on how the market share is calculated, a list of CRAs registered in EU along with their percentage of total market share by revenue, and an overview of the type of credit ratings offered by each CRA registered in the EU. The report shows the proportion of EU debt issuance for each asset class rated by individual CRAs, along with details on the Common Supervisory Approach and Standard Form adopted by ESMA members in respect of Article 8d. 

     

    Related Links

    Keywords: Europe, EU, Banking, Insurance, Securities, Market Share Calculation, CRA, CRA Regulation, MIS, Fitch Ratings, S&P, Credit Risk, ESMA

    Featured Experts
    Related Articles
    News

    EC Adopts Financial Reporting Changes Arising from Benchmark Reforms

    EC published Regulation 2021/25 that addresses amendments related to the financial reporting consequences of replacement of the existing interest rate benchmarks with alternative reference rates.

    January 14, 2021 WebPage Regulatory News
    News

    BIS Bulletin Examines Key Elements of Policy Response to Cyber Risk

    BIS published a bulletin, or a note, that examines the cyber threat landscape in the context of the pandemic and discusses policies to reduce risks to financial stability.

    January 14, 2021 WebPage Regulatory News
    News

    HMT Updates List of Post-Brexit Equivalence Decisions in UK

    HM Treasury, also known as HMT, has updated the table containing the list of the equivalence decisions that came into effect in UK at the end of the transition period of its withdrawal from EU.

    January 14, 2021 WebPage Regulatory News
    News

    EBA Issues Erratum for Technical Package on Reporting Framework 3.0

    EBA published an erratum for technical package on phase 1 of the reporting framework 3.0.

    January 14, 2021 WebPage Regulatory News
    News

    APRA Publishes FAQ on Measurement of Credit Risk Weighted Assets

    APRA updated a frequently asked question (FAQ), for authorized deposit-taking institutions, on the measurement of credit risk weighted assets.

    January 14, 2021 WebPage Regulatory News
    News

    EBA Publishes Risk Dashboard for Third Quarter of 2020

    EBA published the quarterly risk dashboard, along with the results of the Risk Assessment Questionnaire survey among 60 banks and 15 market analysts.

    January 13, 2021 WebPage Regulatory News
    News

    ECB Analysis Shows Privacy as Biggest Concern in Use of Digital Euro

    ECB concluded the public consultation on the introduction of a digital euro in EU.

    January 13, 2021 WebPage Regulatory News
    News

    ECB Finalizes Guide on Supervisory Approach to Bank Consolidation

    ECB published a guide that sets out the supervisory approach to consolidation in the banking sector.

    January 12, 2021 WebPage Regulatory News
    News

    SRB Chair Outlines Work Priorities for 2021

    The SRB Chair Elke König published an article setting out work priorities for 2021.

    January 11, 2021 WebPage Regulatory News
    News

    FDIC Selects Companies to Compete in Final Phase of Tech Sprint

    FDIC has selected 11 technology companies—including BearingPoint, Fed Reporter, Inc, and S&P Global Market Intelligence, LLC—for inclusion in the third and final phase of the rapid prototyping competition.

    January 11, 2021 WebPage Regulatory News
    RESULTS 1 - 10 OF 6417