The 2008 crisis made clear that credit rating agencies (CRAs) can contribute to systemic financial risk. Surprisingly …' homogeneity, and widespread market reliance on these signals. Current scholarship on CRA regulation blames policymakers …. Standardizing methodologies or setting up a public CRA could reinforce ratings' homogeneity. Replacing ratings in regulation with …

market structure and possible involvement in the 2008 financial crisis, the rating agencies have constantly come under … criticism. This was associated with stricter regulatory requirements to ease the situation. The EU-Regulation on credit rating … agencies ("CRA-Regulation") coming into force 2009 and its amendments in 2011 and in 2013 have mainly governed such regulation …