EC seeks tighter control of rating agencies

Regulatory News

BRUSSELS - The European Commission is hoping to reduce the dependence of financial institutions, regulators and governments on credit rating agencies, and had outlined a series of measures in two consultation papers published in August. In Consultation by the Commission services on credit rating agencies (CRAs), the Commission also suggests tighter regulation of rating agencies following the "manifest failure of self-regulatory efforts, both formal and informal, to ensure high standards of indep

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