IDEAS home Printed from https://ideas.repec.org/p/ehl/lserod/59628.html
   My bibliography  Save this paper

Misguided ventures: a quasi-public European Union credit rating agency (in Forum: Credit rating agencies: part of the solution or part of the problem?)

Author

Listed:
  • Paudyn, Bartholomew

Abstract

As speculative attacks against Member States persist, the European Union (EU) is desperately attempting to allay fears concerning the disintegration of Economic and Monetary Union (EMU). Much of the fi repower for this onslaught is provided by those very financial intermediaries charged with assessing and communicating the health of euro area economies, namely credit rating agencies (CRAs). Thus, in 2008, the European Commission proposed a series of oversight initiatives which would centralise CRA supervision at the EU level. Endorsed by the High Level Group on Financial Supervision1 chaired by Jacques de Larosière, Regulation (EC) No 1060/2009 (CRA Regulation v1) came into effect on 7 December 2010. Shortly thereafter, the corresponding amendment (EU) No 513/2011 (CRA Regulation v2) was deemed necessary in order to compensate for outstanding issues.

Suggested Citation

  • Paudyn, Bartholomew, 2011. "Misguided ventures: a quasi-public European Union credit rating agency (in Forum: Credit rating agencies: part of the solution or part of the problem?)," LSE Research Online Documents on Economics 59628, London School of Economics and Political Science, LSE Library.
    • Handle: RePEc:ehl:lserod:59628
    as

    Download full text from publisher

    File URL: http://eprints.lse.ac.uk/59628/
    File Function: Open access version.
    Download Restriction: no
    ---><---

    More about this item

    JEL classification:

    • J1 - Labor and Demographic Economics - - Demographic Economics

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ehl:lserod:59628. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: LSERO Manager (email available below). General contact details of provider: https://edirc.repec.org/data/lsepsuk.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.