Reforming Financial Markets III: Credit Ratings Agencies - Commons Library Standard Note

Published 31 December 2014 | Standard notes SN05603

Authors: Tim Edmonds

Topic: Financial services

This note focuses upon new rules which have been applied to credit ratings agencies since the fianncial crash of 2008. CRAs are now authorised by a central European agency the European Securities and Markets Authority which has devweloped rules covering the methodology used by CRAs, their governance and IT reliability. An annual review of how the new rules are working is carried out by ESMA and links to that are included in the note.

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