This policy contribution was simultaneously published by Bruegel and published by the Peterson Institute. In it, I summarize the European debate on credit rating agencies, the problems they pose and some possible solutions. I warn against the unintended consequences of ill-designed regulation, and suggest that the most important issue in this debate is to improve the quality and scope of issuers' public disclosures about their financial risk factors.
Nicolas, I take a rather dim view of the credit rating agencies based on their proven incompetence. i discuss them in my book in this chapter (complimentary link): http://jackassinvesting.com/lookinside/lookinside_chapter_13-31.php
Posted by: Mike Dever | November 07, 2011 at 01:55 PM
I also agree with you that the regulation of these policy contributions must be improved more and more. There are some loop holes which must be filled very soon. They must think about to improve the quality and definitely scope of issuers.
Posted by: quick cash | October 04, 2012 at 06:50 AM
I also against with these unintended consequences of this ill-designed regulation, I really think that the level of these regulation must be improved and government should changes their policies for the regulation on Credit Rating Agencies.
Posted by: kwikquid | November 02, 2012 at 07:47 AM
Building on my earlier piece on credit rating agencies, we examine a series of policy questions specifically related to sovereign credit ratings and their role in financial policy.
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