Description: Credit Rating Agencies on the Watch List : Analysis of European Regulation, Hardcover by Garcia Alcubilla, Raquel; Ruiz Del Pozo, Javier, ISBN 0199608865, ISBN-13 9780199608867, Like New Used, Free shipping in the US Credit Rating Agencies have been criticised for their role in the financial crisis by understating risk and providing complex securities. The US subprime mortgage crisis highlighted deficiencies in the rating agencies' activities and this led to an international consensus to establish regulation of the rating business. Written by those involved in developing the EU Regulation, this book explains the global initiatives undertaken by the G-20, the Financial Stability Board, and IOSCO to address failures within the credit rating industry. It provides an overview of the new European System of Financial Supervisors implemented as a reaction to the crisis and examines the supervisory and enforcement powers of ESMA, the new authority in charge of the registration and oversight of rating agencies. Through an in-depth analysis of the European Regulation's requirements on governance, conflicts of interest, methodologies, disclosures, and transparency, th provides a clear explanation of how rating agencies operate and how the identified failures have been addressed. This is complemented with an analysis of guidance from supervisors (ESMA and EBA), IOSCO's recommendations, and US legislation. Th discusses possible new regulatory developments in areas such as the agencies' business model, competition, civil liability, and ratings of sovereign debt. It concludes with the authors' support for an enhanced regulatory and oversight coordination at global level, a reduction of the existing over-reliance on ratings, and a concentration of resources on the enforcement of the current regulatory regime.
Price: 139.79 USD
Location: Jessup, Maryland
End Time: 2024-11-26T17:11:04.000Z
Shipping Cost: 0 USD
Product Images
Item Specifics
Return shipping will be paid by: Buyer
All returns accepted: Returns Accepted
Item must be returned within: 14 Days
Refund will be given as: Money Back
Return policy details:
Book Title: Credit Rating Agencies on the Watch List : Analysis of European R
Number of Pages: 320 Pages
Publication Name: Credit Rating Agencies on the Watch List : Analysis of European Regulation
Language: English
Publisher: Oxford University Press, Incorporated
Item Height: 1 in
Publication Year: 2012
Subject: Banks & Banking, Banking, Economics / General
Type: Textbook
Item Weight: 22.6 Oz
Subject Area: Law, Business & Economics
Item Length: 9.4 in
Author: Javier Ruiz DELPOZO, Raquel Garcia Alcubilla
Item Width: 6.3 in
Format: Hardcover
