Bloechlinger, Andreas; Leippold, Markus; Maire, Basile - 2012 - Current Version: February 22, 2012
Ending the dependence on rating agencies is a top priority for the Financial Stability Board, which coordinates the G20 … financial policies. Rating agencies have been accused of contributing to the recent financial crisis by misjudging the … procyclicality and to fuel market uncertainty. However, it is one thing to criticize rating agencies, quite another to find an …