ESMA publishes advice on small and medium-sized CRAs: ESMA has published its technical advice to the Commission with data on small and medium-sized credit rating agencies (CRAs) operating in the EU. Of the 22 CRAs registered with ESMA, 19 are small or medium-sized, none of them covering the whole range of five rating classes considered by the advice. Based on this data, and by the end of 2013, the Commission will adopt a report on the feasibility of a publicly-funded network of small and medium-sized CRAs. (Source: Advice on Small And Medium-Sized CRAs)

ESMA adopts peer review methodology: ESMA has published the methodology its Review Panel will use when conducting peer reviews of national authorities. (Source: ESMA Review Panel Methodology)