Regulation and Reform of Rating Agencies in the European Union: An Insurance Industry Perspective

Anja Theis () and Michael Wolgast ()
Additional contact information
Anja Theis: Economics Department, German Insurance Association (GDV), Wilhelmstr. 43/43 G, 10117 Berlin, Germany.
Michael Wolgast: Economics Department, German Insurance Association (GDV), Wilhelmstr. 43/43 G, 10117 Berlin, Germany.

The Geneva Papers on Risk and Insurance - Issues and Practice, 2012, vol. 37, issue 1, 47-76

Abstract: This article investigates the current discussion on the regulatory framework for credit rating agencies (CRAs) from the perspective of the insurance industry, focusing on the European Union. It becomes apparent that the new European system of regulation and supervision of CRAs conforms well to general principles of economic theory and can be expected to resolve many issues of concern. In contrast, some of the additional policy options currently discussed in Europe could involve substantial costs and risks for market participants and the financial system without contributing further to the objectives of CRA reform.

Date: 2012
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.palgrave-journals.com/gpp/journal/v37/n1/pdf/gpp201133a.pdf Link to full text PDF (application/pdf)
http://www.palgrave-journals.com/gpp/journal/v37/n1/full/gpp201133a.html Link to full text HTML (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:gpprii:v:37:y:2012:i:1:p:47-76

Ordering information: This journal article can be ordered from
http://www.springer.com/finance/journal/41288/PS2

Access Statistics for this article

The Geneva Papers on Risk and Insurance - Issues and Practice is currently edited by Christophe Courbage

More articles in The Geneva Papers on Risk and Insurance - Issues and Practice from Palgrave Macmillan, The Geneva Association Contact information at EDIRC.
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().