Tag Archives: Subprime crisis
‘Fair play’ by credit rating agencies is the need of the hour
In the recently held G20 deliberations, there was a call for ending what is called mechanistic reliance on credit rating agencies and encouraging transparency and competition among them.
The debate on credit rating agencies is increasingly becoming...
It is wrong to attribute financial crises to innovation
Blaming the financial innovation for the recent financial crises was the least thing I expected from a person none other than Lord Turner, Chairman of the Financial Services Authority of the UK. (Financial Times 16th Feb 2010)
In his speech...
Best Practices Frame Work for Credit Rating Agencies
Regulating the credit rating agencies is the talk of the town nowadays.
Credit rating agencies provide independent reports on the credit worthiness of a range of institutions, governments, and public bodies, international and domestic active...
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