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European Public Rating Agency ‘the right step’ for Credit Rating Agencies, says PES President, as report tabled in European Parliament


The European Parliament today debated a legislative proposal to strengthen accountability among Credit Rating Agencies. The Party of European Socialists (PES) congratulates rapporteur Leonardo Domenici (S&D, Italy) for his commitment to the dossier. His report pledges to increase the level of accountability in the Credit Rating Agency (CRA) market.

In the legislative proposal discussed in plenary, Mr. Domenici proposed a model of greater transparency by ensuring more competition and calling for stricter rules on civil liability and ...