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ESMA report finds investment product performance highly impacted by charges
The analysis complements ESMA’s risk assessment, supervisory convergence and investor protection work, and contributes to the European Commission’s project on cost and performance of investment products under the Capital Markets Union Action Plan. The report documents the significant impact of costs on the final returns that retail investors make on their investments: the charges for […]
ESMA publishes Guidelines on Securitisation Repository Data Completeness and Consistency Thresholds
ESMA, following a public consultation, has drafted final guidelines which explain how securitisation repositories should verify that the ND options, included in the data it receives from securitisation parties, are only used where permitted and do not prevent the data submission from being sufficiently representative of the underlying exposures in the securitisation. The majority of […]
ESMA registers Inbonis SA as credit rating agency
Inbonis SA is based in Madrid, Spain, and intends to issue corporate ratings on corporate issuers not considered a financial institution or insurance undertaking. The registration takes effect from today, 27 May 2019. The CRA Regulation seeks to ensure that credit ratings issued in the EU meet minimum standards of quality, transparency and independence by […]