On February 5, 2016, ESMA published a report providing an overview of its 2015 supervisory work relating to CRAs and Trade Repositories and setting out its workplan for 2016. ESMA’s focus for 2016 includes: (i) improving the quality of credit ratings; (ii) improving trade repository quality data and data access; (iii) improving CRA governance and strategy; (iv) devoting resources to its enforcement work where it is aware of facts that may be infringing regulatory requirements; and (v) enhancing international cooperation with third country supervisors.

The report is available at: https://www.esma.europa.eu/sites/default/files/library/2016- 234_esma_2015_annual_report_on_supervision_and_2016_work_plan.pdf