Barnier considers EU rating agency

Speaking at a meeting of the European Parliament’s Economic and Monetary Affairs Committee in Brussels on the 4 May 2010, Michel Barnier, EU Internal Market Commissioner said he would look at establishing a new European credit rating agency, as he expressed concern and frustration over the way in which Greek debt had been dealt with by some existing agencies in the recent past.

BBC News, 4.5.10: EU warns credit rating agencies http://news.bbc.co.uk/1/hi/business/10097107.stm

ESO: Background information: Regulation (EC) No 1060/2009 of the European Parliament and of the Council of 16 September 2009 on credit rating agencies http://www.europeansources.info/record/regulation-ec-no-1060-2009-of-the-european-parliament-and-of-the-council-of-16-september-2009-on-credit-rating-agencies/

ESO: Background information: Credit rating agencies: developments and policy issues http://www.europeansources.info/record/credit-rating-agencies-developments-and-policy-issues/

European Commission: DG Internal Market and Services: Securities: Rating Agencies http://ec.europa.eu/internal_market/securities/agencies/index_en.htm

EurActiv, 5.5.10: EU says will probe rating agencies http://www.euractiv.com/euro-finance/eu-probe-rating-agencies-news-493716

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