We examine rating behaviour after the introduction of new regulations regarding Credit Rating Agencies (CRAs) in the … changes have been effective in tackling conflicts of interest between issuers and CRAs in securitisation. Rating catering … seems to have disappeared in the post-GFC period. Yet we see limited effectiveness on rating shopping. It follows that …

prior belief. This intercept heterogeneity suggests that each country's rating is assigned uniquely, after controlling for …

prior belief. This intercept heterogeneity suggests that each country's rating is assigned uniquely, after controlling for …

prior belief. This intercept heterogeneity suggests that each country's rating is assigned uniquely, after controlling for …

prior belief. This intercept heterogeneity suggests that each country's rating is assigned uniquely, after controlling for …

unsatisfactory pace even with the euro. What accounts for this? We focus on an increasingly key financial infrastructure: Rating … of national RAs; (ii) in four studied Asian countries, smaller-sized companies disproportionately hold a rating from …

This paper explores the possibility of remedial intervention against the credit rating oligopoly under the competition … rules. It is divided in six parts. Following an introduction, Part II provides an overview of the credit rating industry …. Part III demonstrates that there is a possible economic case for antitrust intervention against the credit rating agencies …