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Monday, March
09, 2020 / 03:447PM / By ESMA / Header
Image Credit: ESMA
The
European Securities and Markets Authority (ESMA) has published its 2020 Supervision Work Programme,
detailing the areas of focus for its supervision of Credit Rating Agencies
(CRAs), Trade Repositories (TRs) and the monitoring of third-country Central
Clearing Counterparties (TC-CCPs) and Central Securities Depositories
(TC-CSDs).
ESMA is
also preparing for its new supervisory responsibilities under the Securities
Financing Transactions Regulation (SFTR), the Securitisation Regulation (SECR),
the Benchmarks Regulation and MiFIR.
Key Supervisory Priorities for 2020
ESMA's supervisory focus will include:
Steven
Maijoor, Chair, said:
"ESMA
is now in its tenth year as a pan-European supervisor and we have continued to
progress in our supervision of CRAs and TRs and effect improvements in CRAs and
TRs conduct as seen in our recent work on fees, Brexit contingency plans,
review of CLO credit ratings and TR data quality.
"I
believe that our performance in those ten years was a key factor in the
European institutions decision to increase ESMA's supervisory responsibilities
under the ESAs Review. We now look forward to building on our experience with
CRAs and TRs to transition to the new role of securitisation repositories and
critical EU benchmarks supervisor and continue, through this work, to play our
role in ensuring orderly markets, investor protection and financial stability."
Main priorities for 2020
For
2020, the supervisory priorities will include:
Credit Rating Agencies
Trade Repositories
Third Country CCPs & CSDs
2. ESMA71-99-1287_ESMA_SUPERVISION_WP_2020.PDF (130.42 KB)
4. ESMA80-199-332_CONFIDENTIAL_SUPERVISION_AR_2019_WP_2020.PDF (825.72 KB) On the same topic.
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