Esma fines Scope Ratings over inconsistency
Rating agency Scope beat many European agencies to the punch in adopting new covered bond rating methodology in 2015, which is today considered a standard approach. But the European Securities and Markets Authority (Esma) is fining the agency on the grounds that it failed to apply it consistently and with the regulator’s permission.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article: