The Report
The recent turmoil in the international financial markets following the subprime mortgage crisis in the US has raised questions about the role of credit rating agencies in this crisis. Whether credit rating agencies are meeting the needs of the market and if there is a need for increased regulation have become ever more topical issues. This timely publication looks at the views of market participants before the crisis and provides an insight into the rapid development and practices of the agencies.
As well as analysing the views of market participants on the characteristics of a quality rating and service the report includes background information on the industry, including information on: the structure of the market; the ratings process; the perceived global domination of the market by two main players - Moodys and Standard & Poors; recent criticisms of the agencies; and international calls for greater supervision and accountability of the agencies.
The report finds no evidence of a need for more formal regulation of the agencies and concludes with policy implications and areas for future research.
ISBN 978-1-904574-20-0
Price £15.00
This report can be ordered in hard copy or downloaded in PDF format. There is also an Executive Summary to give a brief overview of the report.
To access the order form, please click on the link below:
Order Form
To view the Executive Summary, please click on the link below:
Executive Summary
To view the whole report, please click on the link below:
Full Research Report
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