EU to Strip Five Countries of Some Market Access Rights, FT Says
Contractors work on a street under construction in the Puerto Madero neighborhood of Buenos Aires, Argentina.
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The European Commission will deem that Canada, Brazil, Singapore, Argentina and Australia don’t regulate credit ratings agencies with the same rigor as the EU, the Financial Times reports citing a document. The decision would withdraw some market access rights of the country, removing a status that makes it possible for European banks to rely on the ratings.