The Independence of Credit Rating Agencies

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Read or download book entitled The Independence of Credit Rating Agencies written by Gianluca Mattarocci and published by Academic Press in PDF, EPUB and Kindle Format. Click Get This Book button to download or read online books. Join over 650.000 happy Readers and READ as many books as you like. We cannot guarantee that The Independence of Credit Rating Agencies book is available in the library.

  • Publisher : Academic Press
  • Release : 22 October 2013
  • ISBN : 9780124047365
  • Page : 200 pages
  • Rating : 4.5/5 from 103 voters

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The Independence of Credit Rating Agencies focuses on the institutional and regulatory dynamics of these agencies, asking whether their business models give them enough independence to make viable judgments without risking their own profitability. Few have closely examined the analytical methods of credit rating agencies, even though their decisions can move markets, open or close the doors to capital, and bring down governments. The 2008 financial crisis highlighted their importance and their shortcomings, especially when they misjudged the structured financial products that precipitated the collapse of Bear Stearns and other companies. This book examines the roles played by rating agencies during the financial crisis, illuminating the differences between U.S. and European rating markets, and also considers subjects such as the history of rating agencies and the roles played by smaller agencies to present a well-rounded portrait. Reports on one of the key causes of the 2008 financial crisis: agencies that failed to understand how to analyze financial products Describes inherent business model and pricing conflicts that compromise the independence of credit rating agencies Reveals how rating agencies large and small, regulatory bodies, and vested interests interact in setting fees and policies

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The Independence of Credit Rating Agencies

The Independence of Credit Rating Agencies
  • Author : Gianluca Mattarocci
  • Publisher : Academic Press
  • Release Date : 2013-10-22
  • ISBN : 9780124047365
GET THIS BOOKThe Independence of Credit Rating Agencies

The Independence of Credit Rating Agencies focuses on the institutional and regulatory dynamics of these agencies, asking whether their business models give them enough independence to make viable judgments without risking their own profitability. Few have closely examined the analytical methods of credit rating agencies, even though their decisions can move markets, open or close the doors to capital, and bring down governments. The 2008 financial crisis highlighted their importance and their shortcomings, especially when they misjudged the structured financial products

The independence of rating agencies

The independence of rating agencies
  • Author : Jochen Schweizer
  • Publisher : GRIN Verlag
  • Release Date : 2014-11-12
  • ISBN : 9783656836582
GET THIS BOOKThe independence of rating agencies

Seminar paper from the year 2011 in the subject Business economics - Controlling, grade: 2,0, Rhine-Waal University of Applied Sciences, language: English, abstract: Since the financial crisis in 2008, rating agencies are in the spotlight. Often they were blamed by politicians and economists for causing the crisis, because they rated some financial products with an excellent grade, without exactly knowing what was really behind these products. To understand why and how Credit Rating Agencies like Standard & Poors, Fitch and Moody's rate, we have

Wall Street and the Financial Crisis: Anatomy of a Financial Collapse

Wall Street and the Financial Crisis: Anatomy of a Financial Collapse
  • Author : Anonim
  • Publisher : DIANE Publishing
  • Release Date : 2022-10-03
  • ISBN : 9781437984675
GET THIS BOOKWall Street and the Financial Crisis: Anatomy of a Financial Collapse

Evaluating Proposed Remedies for Credit Rating Agency Failures

Evaluating Proposed Remedies for Credit Rating Agency Failures
  • Author : S. Jane (Kennedy) Jollineau
  • Publisher : Unknown
  • Release Date : 2013
  • ISBN : OCLC:1309060726
GET THIS BOOKEvaluating Proposed Remedies for Credit Rating Agency Failures

The overly optimistic debt ratings provided by credit rating agencies (CRAs) and the lack of transparency about the rating process have been criticized by regulators and pundits for exacerbating the financial crisis. We conduct a mixed-design experiment exploring how two proposals advanced by lawmakers affect the behavior of credit rating analysts. Using data taken from personal lending site Prosper.com, we examine whether (a) the requirement to justify departures from a quantitative model, and (b) conflicts of interests stemming from

Public Credit Rating Agencies

Public Credit Rating Agencies
  • Author : Susan K Schroeder
  • Publisher : Palgrave Macmillan
  • Release Date : 2015-09-09
  • ISBN : 1137365803
GET THIS BOOKPublic Credit Rating Agencies

Public Credit Rating Agencies argues for the creation of national public credit rating agencies, offering the first in-depth discussion of its implied role and function operating alongside private agencies.

The Governance of Credit Rating Agencies

The Governance of Credit Rating Agencies
  • Author : Andrea Miglionico
  • Publisher : Edward Elgar Publishing
  • Release Date : 2019
  • ISBN : 9781786439949
GET THIS BOOKThe Governance of Credit Rating Agencies

The global crisis revealed that credit rating agencies (CRAs) are capable of bringing about potential distortions in the financial sector, thereby resulting in a reduction in market confidence which, in turn, influences negotiations and expectations. CRAs need to be held accountable for lack of transparency and inaccurate ratings, however the existing regulatory framework does not secure adequate investor protection. This book provides a new and important contribution to research in the area, at a crucial time in the debate around

The Rating Agencies and Their Credit Ratings

The Rating Agencies and Their Credit Ratings
  • Author : Herwig Langohr,Patricia Langohr
  • Publisher : John Wiley & Sons
  • Release Date : 2010-04-01
  • ISBN : 9780470714355
GET THIS BOOKThe Rating Agencies and Their Credit Ratings

Credit rating agencies play a critical role in capital markets, guiding the asset allocation of institutional investors as private capital moves freely around the world in search of the best trade-off between risk and return. However, they have also been strongly criticised for failing to spot the Asian crisis in the early 1990s, the Enron, WorldCom and Parmalat collapses in the early 2000s and finally for their ratings of subprime-related structured finance instruments and their role in the current financial

The Credit Rating Industry

The Credit Rating Industry
  • Author : Fabian Dittrich
  • Publisher : Lulu.com
  • Release Date : 2007-08-01
  • ISBN : 1847999506
GET THIS BOOKThe Credit Rating Industry

This study provides a comprehensive analysis of credit rating economics and draws conclusions on the nature of regulation. It starts with an overview of the credit rating industry and introduces a framework that structures multiple rating agency functions. At the heart of the credit rating business model lies the reputation mechanism, which is analyzed in detail. After analyzing the reputation mechanism, the study takes a wider look at the industry and identifies the forces behind credit rating supply and demand.

Credit Rating Agencies on the Watch List

Credit Rating Agencies on the Watch List
  • Author : Raquel García Alcubilla,Javier Ruiz del Pozo
  • Publisher : OUP Oxford
  • Release Date : 2012-03-29
  • ISBN : 9780191640995
GET THIS BOOKCredit Rating Agencies on the Watch List

Credit rating agencies have been criticized for their role in the financial crisis by understating credit risk. The US subprime mortgage crisis highlighted the systemic relevance of the rating agencies and the deficiencies in their activities; this led to an international consensus to regulate the rating business. Written by those involved in developing European Legislation, this book explains EU Regulation in the context of global initiatives undertaken by the G-20, the Financial Stability Board, and IOSCO to address failures within

Credit Rating Agencies

Credit Rating Agencies
  • Author : Mohammed Hemraj
  • Publisher : Springer
  • Release Date : 2015-06-22
  • ISBN : 9783319179278
GET THIS BOOKCredit Rating Agencies

The book examines the role of credit rating agencies (CRAs) in the subprime mortgage crisis. The CRAs are blamed for awarding risky securities ‘3-A’ investment grade status and then failing to downgrade them quickly enough when circumstances changed, which led to investors suffering substantial losses. The causes identified by the regulators for the gatekeeper failure were conflicts of interest (as the issuers of these securities pay for the ratings); lack of competition (as the Big Three CRAs have dominated the

The role of credit rating agencies. A blessing or a curse

The role of credit rating agencies. A blessing or a curse
  • Author : Muddassar Rasheed Malik
  • Publisher : GRIN Verlag
  • Release Date : 2019-02-18
  • ISBN : 9783668879164
GET THIS BOOKThe role of credit rating agencies. A blessing or a curse

Seminar paper from the year 2011 in the subject Economics - Finance, , course: Bank Financial Management, language: English, abstract: This report is examining the role of credit rating agencies and in further details arguments in its favor and against its favor are examined. In the beginning the role of credit rating agencies is defined and later methodological approaches to this topic are discussed, and afterwards, an analysis of pros and cons of credit rating agencies is conducted. To the end recommendations

Oversight of the Credit Rating Agencies Post-Dodd-Frank

Oversight of the Credit Rating Agencies Post-Dodd-Frank
  • Author : United States. Congress. House. Committee on Financial Services. Subcommittee on Oversight and Investigations
  • Publisher : Unknown
  • Release Date : 2012
  • ISBN : MINN:31951D035773071
GET THIS BOOKOversight of the Credit Rating Agencies Post-Dodd-Frank

The Role and Impact of Credit Rating Agencies on the Subprime Credit Markets

The Role and Impact of Credit Rating Agencies on the Subprime Credit Markets
  • Author : United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs
  • Publisher : Unknown
  • Release Date : 2009
  • ISBN : PURD:32754081251369
GET THIS BOOKThe Role and Impact of Credit Rating Agencies on the Subprime Credit Markets

Eliminating Regulatory Reliance on Credit Ratings

Eliminating Regulatory Reliance on Credit Ratings
  • Author : Bianca Mostacatto
  • Publisher : Unknown
  • Release Date : 2015
  • ISBN : OCLC:1308507755
GET THIS BOOKEliminating Regulatory Reliance on Credit Ratings

Credit ratings agencies play an important role in the world-wide capital markets and, willingly or not, influence rather significantly the destinies of private and public financial players and their issues. Credit rating agencies invoke reputation as their most valuable asset and as guarantee for their independence and honesty in the intermediation of financial information. Yet the accuracy and honesty of credit ratings have been, nonetheless, questioned at numerous times, and the lack thereof was pointed as one of the causes

Regulating Credit Rating Agencies

Regulating Credit Rating Agencies
  • Author : Aline Darbellay,
  • Publisher : Edward Elgar Publishing
  • Release Date : 2013-09-30
  • ISBN : 9780857939364
GET THIS BOOKRegulating Credit Rating Agencies

øŠAline Darbellay analyzes the obvious system relevance of credit rating agencies in depth and assesses the possible options for regulatory responses to this systemic issue. Thereby, the book is based on a fruitful comparative legal approach and formul