Details
- Publication date
- 29 July 2019
- Author
- Directorate-General for Financial Stability, Financial Services and Capital Markets Union
- Related department
- Directorate-General for Financial Stability, Financial Services and Capital Markets Union
Description
The European Commission takes stock of its overall approach to equivalence in the area of financial services, and assesses to what extent third countries' regulatory regimes achieve the same outcomes as its own rules.
Separately, the Commission has adopted equivalence decisions for financial benchmarks administered in Australia and Singapore.
It has also repealed for the first time existing equivalence decisions in the field of Credit Rating Agencies for Argentina, Australia, Brazil, Canada, and Singapore.