EU Rejects German Rating Firm's Appeal On Compliance Fine

Law360, London (January 12, 2021, 2:19 PM GMT) -- Europe's finance regulators have rejected an appeal by Scope Ratings GmbH against a decision by the markets watchdog to fine the German ratings agency €640,000 ($772,000) for alleged failings in the methods it used for assessing covered bonds.

An appeals board has said it is backing a decision by ESMA to penalize a German ratings agency for breaching a regulation. (iStock) The board of appeal of the European Supervisory Authorities said on Monday that it is backing a June decision by the European Securities and Markets Authority to fine and hand a public notice to Scope for breaching the bloc's Credit Rating...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!