Covered Bond Council Opposes Rating-Rotation Plan

The European Covered Bond Council says it is opposed to a proposal by the European Commission to require issuers to rotate the rating agencies they use, arguing that the plan “appears impracticable,” and could drive up costs without achieving its goal of reducing conflicts of interest.

  • 07 Mar 2012

The European Covered Bond Council says it is opposed to a proposal by the European Commission to require issuers to rotate the rating agencies they use, arguing that the plan “appears impracticable,” and could drive up costs without achieving its goal of reducing conflicts of interest.

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1 BNP Paribas 10,542 20 17.55
2 Bank of America Merrill Lynch (BAML) 6,103 21 10.16
3 Citi 5,130 13 8.54
4 JP Morgan 4,681 6 7.79
5 Morgan Stanley 4,137 11 6.89

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