What reforms for the credit rating industry? A European perspective
Despite having singled out credit rating agencies (CRAs) early on in the financial crisis as needing more regulation, policy-makers in the EU seem not to be reassured by the measures that have been adopted in the meantime, and want to go further. This paper starts with an overview of the credit rating industry today. The second section analyses the use of credit ratings and shows how the authorities have created a captive or artificial market for CRAs. Section 3 reviews the new EU CRA regulation and its possible impact, and the final section compares proposals for regulatory reform.
Year of publication: |
2010-10
|
---|---|
Authors: | Lannoo, Karel |
Institutions: | Centre for European Policy Studies (CEPS) |
Saved in:
freely available
Saved in favorites
Similar items by person
-
ECB Banking Supervision and beyond
Lannoo, Karel, (2014)
-
Lannoo, Karel, (2011)
-
Rethinking Asset Management: From Financial Stability to Investor Protection and Economic Growth
de Manuel, Mirzha, (2012)
- More ...