Examining Proposals to Enhance the Regulation of Credit Rating Agencies
Examining Proposals to Enhance the Regulation of Credit Rating Agencies

Author: United States. Congress

Publisher: Createspace Independent Publishing Platform

Published: 2018-01-04

Total Pages: 138

ISBN-13: 9781983509582

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Examining proposals to enhance the regulation of credit rating agencies : hearing before the Committee on Banking, Housing, and Urban Affairs, United States Senate, One Hundred Eleventh Congress, first session ... August 5, 2009.

The role of credit rating agencies. A blessing or a curse
The role of credit rating agencies. A blessing or a curse

Author: Muddassar Rasheed Malik

Publisher: GRIN Verlag

Published: 2019-02-18

Total Pages: 5

ISBN-13: 3668879168

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Seminar paper from the year 2011 in the subject Economics - Finance, , course: Bank Financial Management, language: English, abstract: This report is examining the role of credit rating agencies and in further details arguments in its favor and against its favor are examined. In the beginning the role of credit rating agencies is defined and later methodological approaches to this topic are discussed, and afterwards, an analysis of pros and cons of credit rating agencies is conducted. To the end recommendations and suggestions to credit rating agencies for better performances are listed. Generally, credit rating agencies are playing vital role in markets and they united dispersed information comprehensively. Through this approach it is easier for investors or issuers to understand the real position of different concerns before taking any final decisions, beside this fact it is also in observation that credit rating agencies have some flaws which need to be addressed, like favoritism and unsolicited credit rating issuance. It is recommended to have transparency, scheduled active ratings and strict follow up with regulated authorities.

Regulating Credit Rating Agencies
Regulating Credit Rating Agencies

Author: Aline Darbellay

Publisher: Edward Elgar Publishing

Published: 2013

Total Pages: 0

ISBN-13: 9780857939357

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This highly topical book examines how the leading credit rating agencies - Moody's, Standard & Poor's and Fitch - have risen to prominence in the wake of the financial crisis. It investigates how the Big Three have become ever more profitable even though the quality of their ratings has declined and rating scandals have tarnished their reputation. After a century of being left quasi-unregulated the rating industry is now subject to sweeping reforms. This informative study analyzes the post-crisis overhaul in the United States and the European Union. The focus lies on the interactions between regulatory intervention and competitive incentives among the Big Three. This book highlights the challenges faced by policymakers trying to regulate the rating industry and simultaneously decrease over-reliance on ratings. Regulating Credit Rating Agencies will appeal to academics in law and economics, practitioners, policymakers, lawmakers and regulators. Contents Foreword Part I: Prelude to the Credit Rating Industry 1. Introduction 2. History of Credit Rating Agencies 3. Description of the Credit Rating Industry Part II: Regulatory Structure 4. Rating-based Regulations 5. Regulatory Treatment of Credit Rating Agencies 6. Regulatory Trends Part III: Uses and Abuses of Credit Ratings in Structured Finance 7. Growth of the Structured Finance Segment 8. Wrong Incentives in the Credit Rating Industry 9. Regulatory Response to the Problems of Structured Finance Ratings Part IV: System-wide Effects of Credit Rating Downgrades 10. System-relevance of Credit Ratings 11. Market Reactions to Credit Rating Downgrades and their Consequences 12. Regulatory Response to the Systemic Issue Part V: Trends and Outlook 13. Restoring Competition in the Credit Rating Industry 14. Concluding Remarks Bibliography Index

The Regulation of Credit Rating Agency Across USA and EU
The Regulation of Credit Rating Agency Across USA and EU

Author: elisabetta conte

Publisher:

Published: 2013

Total Pages: 32

ISBN-13:

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Credit Rating Agencies (CRAs) have been a market entity relatively neglected by regulators and commenters, despite the increasing importance they have had in the 20th century financial markets development. Different legal system as United States of America and European Union have both recently issued an accurate regulation, that require the agencies the compliance with some organizational and reputational requirements in order to provide rating services. Moreover, almost in the same period Basel II Accord was issued, which attributed at a supernational level a crucial role to CRAs in assessing banks assets. In this article we firstly explain the most important features of the current American and EU regulations, then we examine also the relevant innovations of those new rules that have been proposed in both systems in response of the ongoing financial crisis. Finally we examine Basel II accord provisions concerning the recognition of rating agencies as External Credit Assessment Institution and the activities they are involved in under such accord provisions. The purpose of our analysis is firstly to provide a brief overview on the three main set of rules regarding credit rating agencies presently in force across financial markets, second to emphasize how all of them are equally able to raise the same issues concerning the access to credit rating market and some abusive practices involving the agencies themselves, third to evaluate whether the response that both American and European legislators intend to provide to financial crisis could someway also improve the identified CRAs weaknesses.