The European Securities and Markets Authority (ESMA), the EU's securities markets regulator, has today published a Thematic Report on Collateralised Loan Obligations (CLOs) credit ratings in the European Union (EU).

On Tuesday the German constitutional court decided that the Bundesbank would stop participating in the ECB Quantitative Easing program known as PSPP in three months unless corrective measures were taken. These include oversight by the German parliament and government and questions regarding whether the ECB was directing fiscal policy which is not in its mandate.

Spain's tourism sector makes up approximately 12% of its GDP and 13% of its employment, and a steep decline in this market will heavily impact the country's payments sector, says GlobalData, a leading data and analytics company.

DBRS Ratings GmbH (DBRS Morningstar) confirmed the Republic of France's Long-Term Foreign and Local Currency – Issuer Ratings at AAA and changed the trend to Negative from Stable. At the same time, DBRS Morningstar confirmed the Republic of France's Short-Term Foreign and Local Currency – Issuer Ratings at R-1 (high) and maintained the trend at Stable.

Companies are announcing a pause in share buyback plans to prevent a financial catastrophe due to dwindling cash reserves as a result of COVID-19, says GlobalData, a leading data and analytics company.