Credit Rating Agencies on the Watch List: Analysis of European Regulation

Credit Rating Agencies on the Watch List: Analysis of European Regulation
ISBN-10
0199608865
ISBN-13
9780199608867
Category
Business & Economics
Pages
294
Language
English
Published
2012-03-29
Publisher
Oxford University Press
Authors
Raquel García Alcubilla, Javier Ruiz del Pozo

Description

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.

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