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February 2014

Regulation ESMA tells firms to improve their selling practices for complex financial products

The European Securities and Markets Authority (ESMA) has published an Opinion on practices to be observed by investment firms when selling complex financial products to investors. ESMA is issuing this opinion to remind national supervisors and investment firms about the (...)

February 2014

Regulation Financial Benchmarks: EDHEC-Risk Institute welcomes vote delay, calls for transparency

EDHEC-Risk Institute welcomes delay of European Parliament vote on the regulation of financial benchmarks and calls for high and uniform standards of transparency to allow investors to make informed decisions and promote integrity, competition and innovation in the indexing (...)

February 2014

News Fitch Affirms Russia at ’BBB’; Outlook Stable

Fitch Ratings has affirmed Russia’s Long-term foreign and local currency Issuer Default Ratings (IDR) at ’BBB’ with a Stable Outlook. The issue ratings on Russia’s senior unsecured foreign and local currency bonds have also been affirmed at ‘BBB’. The Short-term rating has been (...)

December 2013

News Deutsche Bank reaches agreement with European Commission as part of a collective settlement on interbank offered rates

Deutsche Bank announced today that, as part of a collective settlement, it has reached agreement with the European Commission on a resolution of its investigations into the submission of interbank offered rates.

December 2013

Regulation ESMA identifies deficiencies in CRAs sovereign ratings processes

The European Securities and Markets Authority (ESMA) has published a Report identifying a number of deficiencies in the processes for producing and issuing sovereign ratings at the three largest credit rating agencies (CRAs), Fitch Ratings, Moody’s Investors Service and (...)

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