EU explores rating agency shake-up

News

The European parliament may be set to tighten the regulation of credit rating agencies after a paper from the parliament’s Committee on Economic and Monetary Affairs emphasised the growing significance of rating agencies in the financial systems and securities markets, and their impact on investors.

The paper, written by the Greek MEP Giorgos Katiforis, said that the EU should mediate closely with the US Securities and Exchange Commission to investigate the role of the rating agencies.

Katif

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