MoU on supervision of credit rating agencies

  • Business Premium
  • Saturday, 17 Mar 2012

SINGAPORE: The Monetary Authority of Singapore (MAS) and the European Securities and Markets Authority (ESMA) have signed a memorandum of understanding (MoU) on the supervision of credit rating agencies.

In a statement, MAS said ratings agencies played an important role in the global financial markets and that activities had a significant impact on the operations of the markets and investor confidence.

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