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18 October 2010

CEPS paper on reforms for the credit rating industry


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Obwohl für Ratingagenturen schon zu Beginn der Finanzkrise mehr Regulierung gefordert wurde scheinen die politische Entscheidungsträger in der EU offenbar nicht von den bislang getroffenen Maßnahmen überzeugt und fordern weitere Maßnahmen, sagt Karel Lannoo, Chief Executive Officer der CEPS.


This paper starts with an overview of the credit rating industry today. The second section analyses the use of credit ratings and shows how the authorities have created a captive or artificial market for CRAs. Section 3 reviews the new EU CRA regulation and its possible impact, and the final section compares proposals for regulatory reform.

© CEPS - Centre for European Policy Studies

Documents associated with this article

ECMI PB17 KL on CRAs[1].pdf


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