Reforming Financial Markets III: Credit Ratings Agencies – Commons Library Standard Note

This note focuses upon new rules which have been applied to credit ratings agencies since the financial crash of 2008. CRAs are now authorised by a central European agency the European Securities and Markets Authority which has developed rules covering the methodology used by CRAs, their governance and IT reliability.

• Primary Source

ESO: Background information: European Securities and Markets Authority (ESMA) http://www.europeansources.info/record/website-european-securities-and-markets-authority-esma/

ESMA: Credit Rating Agencies http://www.esma.europa.eu/page/Credit-Rating-Agencies

European Commission: Banking and finance: Rating agencies http://ec.europa.eu/finance/rating-agencies/index_en.htm

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