What is the impact of the E.U. regulatory reforms on the behavior of the CRAs?What the impact of E.U legislations on the accuracy of corporate credit ratings?

Finance and Law

What is the impact of the E.U. regulatory reforms on the behavior of the CRAs?What the impact of E.U legislations on the accuracy of corporate credit ratings?

To what extent the E.U members are committed to enforcing the rules?

In addition, there is a lack of clarity in the responsibilities of enforcing the rules, is it the responsibility of the national authority or the ESMA?