Crisis prompts calls for more stringent EU regulations


Socialist and Christian Democrat MEPs have made predictable calls for increased transparency, supervision and regulation. McCreevy has rebuffed these suggestions but agrees that the issue of credit rating agencies' conflicts of interest should be looked at in more detail.

The Committee of European Securities Regulators (CESR) held more talks with McCreevy on September 11 to discuss the conduct and role of credit rating agencies. He has asked CESR to further analyse the transparency of the

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