This policy contribution was simultaneously published by Bruegel and published by the Peterson Institute. In it, I summarize the European debate on credit rating agencies, the problems they pose and some possible solutions. I warn against the unintended consequences of ill-designed regulation, and suggest that the most important issue in this debate is to improve the quality and scope of issuers' public disclosures about their financial risk factors.
Bruegel
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November 04, 2011
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Nicolas, I take a rather dim view of the credit rating agencies based on their proven incompetence. i discuss them in my book in this chapter (complimentary link): http://jackassinvesting.com/lookinside/lookinside_chapter_13-31.php
Posted by: Mike Dever | November 07, 2011 at 10:55 AM