Charlie mccreevy
Rating agencies under scrutiny once more
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Rapid downgrade of Greece prompts Barnier to call for an investigation into CRA practices.
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The European Commission (EC) was blindsided by plans that would force banks to abandon proprietary trading – announced by US President Barack Obama on January 21 – and the idea runs counter to the...
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Late last year the US National Association of Insurance Commissioners removed its condition that external credit ratings should be used by insurers to calculate the capital requirements for holdings of...
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More Charlie mccreevy articles
NAIC decision to stop using rating agencies for RMBS heralds major change...
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Concern by the NAIC over the veracity of rating agencies’ analysis of insurers’ RMBS holdings is leading to a shake-up in how these organisations are used in the US. Is this pattern set to be followed in Europe?
French minister to replace McCreevy
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Former French foreign minister Michel Barnier is to take over from Charlie McCreevy as internal market and services commissioner in the next European Commission, from January 2010. Barnier served as European commissioner for regional policy between 1999...
France’s Barnier to take McCreevy’s internal market role, EC confirms...
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Former French foreign minister Michel Barnier is to take over from Charlie McCreevy as internal market and services commissioner in the next European Commission (EC), which takes office in January 2010. Although the appointment is subject to the approval...
EC’s Barroso to propose McCreevy successor next week
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European Commission (EC) president José Manuel Barroso will next week name his preferred choice to succeed Charlie McCreevy as European commissioner for internal market and services as part of the wider commission changeover, according to an EC official....
EC proposes cross-border crisis measures
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BRUSSELS – The European Commission is inviting views from governments and the financial industry on a range of possible measures to manage cross-border banking crises. "The recent crisis has exposed the EU's lack of effective crisis management for...
EC delays derivatives reform proposals to 2010
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Further reform of the over-the-counter derivatives market expected from the European Commission (EC) tomorrow is likely to take the form of soft recommendations rather than legislative proposals and could be delayed until later in the week, according...
EC’s McCreevy admits to challenges of derivatives reform
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The European Commission (EC) will press ahead with sweeping reforms of the European derivatives market despite fears of unintended consequences voiced by corporate end-users, says EC internal market and services commissioner Charlie McCreevy. Speaking...
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