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.
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
weiter. Auf diese Weise profitieren insbesondere diejenigen Projektträger vom guten Rating (AAA) der EIB, deren eigenes Rating keinen kostengünstigen Zugang zum Kapitalmarkt zulässt.