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Tough New Regulating Regime Takes On Rating Agencies

With legislators on Capitol Hill ready to put the shackles on Wall Street, few segments of the financial industry are going to be impacted more than the Nationally Recognized Statistical Rating Organizations (NRSRO), or otherwise referred to as credit rating agencies.   For starters, NRSROs will experience more regulation than they ever have. With the passage of H.R. 4173 last December, ... Read More »

EUROPEAN CENTRAL BANK CRITICIZES CREDIT RATINGS AMID DEBT CRISIS

The decision by credit-rating agencies to downgrade some countries’ sovereign credit rating is unbeneficial to the current financial order, according to senior officials of the European Central Bank. Central banks of European countries are too reliant on those credit-rating agencies, which is unwise. Bank of France president Christian Noyer said credit-rating agencies always make mistakes when rating some countries’ sovereign ... Read More »