Jury out over CESR's review of credit rating agencies


PARIS & BRUSSELS - The future of the ratings agencies in Europe will be determined by a report due this May from the Committee of European Securities Regulators (CESR) judging whether credit ratings agencies (CRAs) require regulation from the European Commission. The deadline for industry consultation expired on 31 March and the jury is out.

Industry bodies such as the European Savings Banks Group, British Bankers' Association and the European Banking Federation agree the ratings agencies have

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