Quotes from the news wire:
The number of third country instruments is likely to increase as a consequence of the UK's withdrawal from the EU, while it remains difficult to accurately assess the number of shares that might become third country instruments post-Brexit, due to current uncertainties, under ESMA's current estimation roughly 18 percent of the shares currently reported into FIRDS have their most liquid trading venue located in the UK.
The high fees charged and regular fee increases imposed by some credit rating agencies suggest there may be little effective competition for the provision of credit ratings in some specific market segments within the EU at present, while it is encouraging to see that changes are taking place, we are realistic and know there is still work to be done which is why we have made recommendations relating to further supervisory powers regarding the appointment of independent non-executive directors and enhanced enforcement powers.
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