The 2008 crisis made clear that credit rating agencies (CRAs) can contribute to systemic financial risk. Surprisingly, post-crisis reforms have hardly addressed the underlying problems, including rating agencies' methodologies, their ratings' homogeneity, and widespread market reliance on these...

This short note explores the formal introduction of the leading credit rating agencies into the field of sustainable finance and all that comes with that moniker. In 2016, the leading agencies announced their plans to incorporate ‘Environmental, Social, and Governance' concerns into their...

This article uses insights from the disciplines of industrial organization and of finance – and the understanding that has developed within both disciplines with respect to regulation – for an analysis of the credit rating industry

This article uses insights from the disciplines of industrial organization and of finance – and the understanding that has developed within both disciplines with respect to regulation – for an analysis of the credit rating industry

This article examines the reforms introduced in the US and the EU to limit the power of credit rating agencies and address their organisational and structural problems that were exposed by the global financial crisis. It discusses the relevant provisions of the US Dodd-Frank Wall Street Reform...