Fitch hit with record ESMA fine for conflict of interest breach
Took place between 2013 and 2018
Fitch issued record fine by ESMA
The European Union's markets regulator has fined ratings agency Fitch Ratings a record €5.13m (£4.4m) for breaching rules around avoiding conflicts of interest.
According to Reuters, ESMA said the breach took place between June 2013 and April 2018, when 20% of the ratings agency's subsidiaries in the UK, France and Spain were indirectly owned by the same individual...
More on Regulation
Back to Top
