MEP calls for EU rating agency

REGULATORY UPDATE

Brussels -- In a report posted on the EU Parliament’s Committee on Economic and Monetary affairs website, MEP Giorgos Katiforis calls for global co-ordination among national regulators in the supervision of credit rating agencies, as well as the creation of a new European rating agency.

The report, which was reviewed at an early November meeting of the committee, is essentially an overview of the rating agency debate from a European perspective. But Katiforis concludes that, given the increas

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