should apply only to credit rating agencies whose ratings are to be used in the calculation by financial service providers of necessary own funds. Ratings of credit rating agency from outside the EU should
regulation. Credit rating regulation is justified only for supervisory purposes due to the stability of the financial market. Although the rotation rule increases the independence of credit rating agencies, it [...] it also distorts competition, reduces the quality of ratings and thus has a negative impact on growth. The rule on double ratings for structured finance instruments jeopardizes the stability of the financial
The introduction of binding minimum rates for the collection, recovery, re-use and recycling of waste electrical and electronic equipment is inherently inappropriate, as producers have virtually no influence [...] influence on the attainability of these rates. However, the proposed simplification of the reporting obligations for producers is to be welcomed, as this increases efficiency.
Though the centralisation of the supervision of credit rating agencies with ESMA is justifiable, it is not absolutely necessary. At the same time, it is questionable whether or not it is inn line with [...] law. Therefore, the maintenance of federal supervisory structures for ESMA and for the supervision rating agencies is a better solution.
By upgrading a rating to “investment-grade rating”, public guarantees (or credits) can lead to a situation in which investors subscribe project bonds and thus encourage the participation of private investors
able to levy tax rates that exceed significantly the certificate prices of the emissions trading scheme. Therefore, CO2 related tax rates should be harmonised [...] harmonised EU-wide. Even better than CO2 related tax rates would be to include motor and heating fuels in emissions trading.
with a constant redemption value. Banning money market funds from soliciting external credit ratings from rating agencies obstructs the efficient allocation of capital.
provisions are introduced the Directive is questionable from an ordoliberal viewpoint. The proposed flat rate compensation for late payment by public authorities is contradictory to the principle of compensation
was successfully weathering new challenges this winter, supported by cheap oil, the euro rate and low interest rates. “Nonetheless, the weaker global environment poses a risk and means we must be doubly vigilant [...] Commission said. They include low oil prices, favourable financing conditions and the euro's low exchange rate. At the same time, risks to the economy are becoming more pronounced and new challenges are surfacing
British GDP deflator and the unit labor costs rose faster than in the EU as a whole. A high consumption rate and a declining competitiveness have resulted in the net need for loans from abroad reaching more