VII. Credit Rating Agencies: A Reform Agenda
Author:
International Monetary Fund. Legal Dept.
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Language:
English
Keywords:
SEM; bank; market; rating agency; CDR mechanism; ratings quality; requirement ratio; fair value accounting; Credit; Debt restructuring; Capital adequacy requirements; Financial sector stability; Global; Europe
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Abstract

In the wake of the financial crisis, countries across the globe have put in place or are considering new regulatory regimes designed to produce greater accountability, transparency and oversight for credit rating agencies. But as new regulations are developed, questions have surfaced. What are the goals of such regulation? How does one create a framework that avoids regulatory arbitrage? What can be done to reduce undue reliance on ratings?

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Cover Current Developments in Monetary and Financial Law, Volume 6
Current Developments in Monetary and Financial Law, Volume 6
Restoring Financial Stability--The Legal Response
Author:
International Monetary Fund. Legal Dept.
ISBN:
9781616350819
Publication Date:
08 Feb 2013
Publisher:
International Monetary Fund
DOI:
https://doi.org/10.5089/9781616350819.072
Pages:
590