ESMA fines Moody’s €3.7 million for conflicts of interest failures
CRAs
Date:
01 April 2021
On 30 March 2021, the European Securities and Markets Authority (ESMA) fined five entities in the Moody’s Group, based in France, Germany, Italy, Spain and the United Kingdom, a total of €3,703,000 and issued
public notices for breaches of the Credit Ratings Agencies Regulation (CRAR) regarding independence and the avoidance of shareholder conflicts of interest.