The European Regulation on credit rating agencies

Nicola Brutti
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Nicola Brutti: Università di Salerno

BANCARIA, 2010, vol. 01, 51-55

Abstract: Financial crisis has highlighted the responsibilities of rating agencies in the evaluation of some assets and in the delay in reacting to deteriorating market conditions. In Europe, this experience has made urgent to adapt the rules and fill a real law gap, with the adoption of a binding regulation. Expression of this trend is the Regulation 3642/09/Ce which aims to innovate credit rating agencies.

Keywords: rating agency; agency recognition; independence (search for similar items in EconPapers)
JEL-codes: G24 G28 (search for similar items in EconPapers)
Date: 2010
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