Ratings agencies protest against EC regulation

September 10, 2008 12:00 am

Moody’s and Standard & Poor’s have gone on the offensive over the European Commission’s proposed regulatory framework for credit ratings agencies. Both agencies complain that the regulations would be too prescriptive, inconsistent with other regulators and could compromise independence of ratings. Do their protests have merit, and will they be heard? Read Euroweek for more details.

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