EU’s Agreement on New Rules for Credit Rating Agencies (CRAs)

21 May 2012, Brussels
 
The EU’s ministers agreed to strength the regulation of credit rating agencies (CRAs) for the well-functioning markets and financial stability.
The rules will intent to improve credit ratings and to reduce dependency on credit ratings for investors and in financial regulation. The proposed rules attempting to improve tranparency and the credibility around credit ratings.
 
More here.
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