This study discusses regulatory agencies' development in Brazil in response to prior privatization. It highlights a case study of government officials' regulatory intervention in the electricity sector, which exposed the business environment to long-lasting regulatory risks. We empirically...

This paper begins with an assessment of the Dodd-Frank Act and the European Commission financial reform proposal regarding Credit Rating Agencies (CRAs) business models, supervision and regulatory reliance on the use of Credit Rating Agencies' (CRAs) opinions. It concludes that they still do not...