ESMA reports on supervision of credit rating agencies, trade repositories and third country CCPs

ESMA has published its annual report and supervision work programmes setting out its main areas of supervisory focus for credit rating agencies (CRAs), trade repositories (TRs), and third country CCPs in the EU. The report also details the actions ESMA has taken in 2016 in carrying out its supervisory role.

The report highlights priorities including:

• strategy and governance, particularly in light of the UK exiting the EU;
• the quality, internal controls and risk assessment for CRAs;
• data quality and availability, technology trends and internal control at TRs; and
• pending requests by third country CCPs for recognition and the finalisation of a risk framework to identify priorities for recognised third country CCPs.