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S&P ISSUE WHITE PAPER ON RATING AGENCY REGULATORY ISSUES

NEW YORK, March 4 /PRNewswire/ — Appropriate regulation of credit rating agencies will play an important role in building confidence in the marketplace, especially if the purpose of this regulation is to ensure that rating agencies comply with policies and procedures designed to promote independence and objectivity, according to a white paper published by Standard & Poor’s. At the same ... Read More »

STANDARD & POOR’S ACTION PLAN TO INCREASE TRANSPARENCY

Deven Sharma, president of S&P announced new actions to enhance independence, strengthen the ratings process and increase transparency to better serve global markets.  He stated: “The ongoing transformation of the financial markets requires us to continue to bring more innovative thinking, greater resources, and improved analytics to the ratings process.  By further enhancing independence, strengthening the ratings process, and increasing ... Read More »

EUROPEAN COMMISSION SETTING THE STAGE FOR TOUGHER REGULATIONS FOR CREDIT RATING AGENCIES

European Commission is bent on setting the stage for a tougher regulatory regime for credit rating agencies.  Internal Market and Services Commissioner Charlie McCreevy said: “I want Europe to adopt a leading role in this area. Our proposal goes further than the rules which apply in other jurisdictions. These very exacting rules are necessary to restore the confidence of the ... Read More »