‘Reliance on rating agencies’ fuelled credit crisis

Banks that suffered serious losses during the credit crisis often did so because of avoidable failures in risk monitoring and management. That is the view of a committee of regulators from France, Germany, Switzerland, the UK and the US.

The Senior Supervisors Group, set up shortly after the start of the crisis, released its findings yesterday. It highlighted overreliance on credit rating agencies as one of the main causes of the problems.

"Firms that performed better in late 2007…were sceptical

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options


Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here