This book details the difference between the two rating industries, but this difference is converging all the time. The concept of investing in a more responsible and sustainable manner is drawing in some of the world’s leading investors and, with it, regulations and policies are developing at...

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...

Recently, the European Securities and Markets Authority has aimed to reinvigorate its efforts to enforce the increase in competition within the credit rating industry. The Supervisory Provisions aim to explain, in precise detail, the rules and regulations for ‘Sectoral Competent Authorities'...

This article focuses upon the proposed ‘Financial CHOICE Act' that is currently ascending through the various stages of the American legislative process, particularly in relation to the potential effect upon the regulation of credit rating agencies. The Bill, which recently passed through the...

With 2016 providing arguably the most politically tumultuous year in recent history, the need for vigilance in the marketplace has never been greater. The proximity to the recent Financial Crisis means that any undeserved leniency now may have dramatic and irreversible effects. In this short...

Purpose: Sigma Ratings is a new entrant to the AML marketplace and seeks to alleviate some of the inherent flaws within the AML regime. This paper exists to examine those flaws and ask whether Sigma may succeed in this bourgeoning marketplace.Design/Methodology: This paper is based upon a...

This article asks whether the Credit Rating Agencies may be able to play a greater role in the approach taken by companies with regards to explaining why they deviate from Corporate Governance Codes. With it being identified that there is a potential issue with companies passively disclosing why...

In response to the decision by British voters to leave the European Union in the recent referendum, this article discusses what may lie ahead for the regulation of the credit rating industry in the U.K. With the withdrawal from the Union meaning that the U.K. must now establish its own distinct...