According to the Financial Times reported, the Chairman of the pan-European market regulators, Steven - Meyer (steven maijoor) said its investigation had three major rating agencies to determine its rating process in the banking industry is sufficiently rigorous and transparent.
European Securities Markets Authority (esma) has begun to investigate the S & P, Fitch and Moody's expected that the investigation before the end of the end.
Credit rating agencies in the last year has only just been incorporated into regulation, the European Union began to demand their registration in the European Securities Market Authority. The rating agency has twice been widely criticized, first because of overly optimistic rating of structured products and banks to make them before the financial crisis, and later because they are in the euro area during the crisis, sovereign state and a wide range of financial institutions downgrade.
Meyer said: "bank rating is important because of their interactive relationship with the sovereign rating and government bonds."
Moody's last month lowered its rating of the 15 banks around the world; S & P last year took a similar action, to change its rating methodology, the world's top 37 banks in 15 rating was lowered in November.
European Securities Markets Authority was established less than two years, has never taken enforcement action. Rating agencies operating in Europe must be registered in the regulatory agencies and to meet its provisions, so the agency's concerns can not be ignored.
Meyer said that the large-scale down the banking sector rating, triggered rating agency concerns have sufficient analytical resources.
He said: "the past few weeks and a few years, the banking sector rating is adjusted several times, which led to the rating agencies have sufficient resources and expertise to handle the additional work."
Meyer said: "The adjustment of industry rating can not be used as the reasons for the reduction of working hours. Rating agencies to give sufficient attention to detail and analysis is still important."
He said the European Securities Market Authority does not seek to influence the actual rating. "This is not to rating agency ratings. We are not rating issued imposing restrictions, we only require a rating decision is economically justified and logical."



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