The European Securities and Markets Authority (ESMA) has written to the European Commission (EC) to ask it to consider a number of issues relating to its supervisory and sanctioning powers under EMIR, in the context of the ongoing review, and also similar issues related to credit rating agencies (CRAs).
The letter follows up on the EC's recent report on the EMIR Review, for which ESMA had submitted 4 reports in August 2015, and also ESMA's Technical Advice on the functioning of the CRA market submitted to the EC in October 2015.
