Treasury rejects plan for EU rating agency

Author (Person)
Series Title
Series Details 14.5.11
Publication Date 14/05/2011
Content Type

Article reports that the United Kingdom Finance Ministry (HM Treasury) has rejected May 2011 a proposal from the European Commission to create an EU credit rating agency, arguing that it could be counter-productive and might crowd out new entrants to the market.
Related Links
ESO: Background information: Brussels to reveal rating agency plans http://www.europeansources.info/record/brussels-to-reveal-rating-agency-plans/
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