Rating agencies judge how solvent banks and big companies are. Prior to the financial crisis they were too optimistic when rating the risk of the banks and this prompted politicians worldwide to issue new regulations. This book explains what rating agencies do, why they are so important for the economy, and the new European Regulation.In particular, the credit rating agency should ensure that adequate human and financial resources are allocated to the issuing, ... existing transactions, attending and participating in rating committees, developing criteria, and writing research.
|Title||:||Credit Rating Agencies on the Watch List|
|Author||:||Raquel García Alcubilla, Javier Ruiz del Pozo|
|Publisher||:||Oxford University Press - 2012-03-29|