As part of the revised Undertakings for Collective Investment in Transferable Securities (UCITS) Directive in Europe, the European Securities and Markets Authority (ESMA) has published a Q&A document that details its guidelines for regulators regarding common definitions for the supervision of money market funds. The paper is aimed at getting European regulators in synch with regards to the treatment of these instruments across the region and to this end, includes information about the expected treatment of ratings (internal and external), details of semantics related to these funds and ESMA’s expectations for firms’ treatment of these instruments.
As part of the regulatory crackdown on ratings agency in the post-crisis financial markets environment (and in accordance with Article 18(3) of the Credit Rating Agencies Regulation), the European Securities and Markets Authority (ESMA) is required to publish a list of all credit ratings agencies that have been registered or certified to operate in the European region. Currently, there are nine on the list that have registered since November last year, six of whom are registered in Germany.
At the end of last month, the Securities and Exchange Commission (SEC) published a 517 page document that details a whole host of new requirements for ratings agencies and those that use ratings in their day to day operations (ergo most of the market). The paper adds to the regulator’s recent investigation into he feasibility of a system in which a public or private utility or a self-regulatory organisation would assign a nationally recognised statistical rating organisation (NRSRO) to determine credit ratings for structured finance products (see more on which 
As part of its broader examination of the impact of credit ratings agencies on the financial markets (see other recent news on which 
In the latest of its investigations into the data vendor community’s data practices (following its continuing investigations into S&P and Thomson Reuters – see recent news on which 
A-Team Insight Events combine A-Team's expertise in financial markets IT with thought leadership from world-class technology innovators and practical experience from financial market practitioners. In 2011, a quality constituency will once again gather for these focused events in London and New York City.
Notwithstanding the hefty purchase price - £100 million than we’d estimated its value at, said one analyst – the London Stock Exchange’s move to grab the 50% of index data provider FTSE International comes as no surprise, as the exchange continues its expansion into derivatives – and into data- and technology-led revenue streams.
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