Nov
12
At long last, the European Union is introducing measures that would bring ratings agencies into line with controls that seek to prevent conflicts of interest, and forces them to be more transparent.
It's been a long time coming and there is every sign ratings agencies will face similar controls in other markets, including the United States with Bloomberg reporting that three out of four chief executive officers want to see more regulation for credit rating agencies.
And while we are on the subject of credit ratings, we can't go past the warning that the United States might lose its AAA rating because of the monstrous amount of debt that's been accumulated.
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