Véron, Nicolas. (2009) Rating agencies: an information privilege whose time has passed. Briefing paper for the European Parliament’s ECON Committee. Bruegel Policy Contribution 2009/01, January 2009. [Policy Paper]
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Abstract
Nicolas Véron believes rating agencies have failed the marketplace in the run-up to the crisis, as their risk assessment processes have been found wanting on a number of counts. However, it is not clear that conflicts of interests have been the root cause of this serious failure, even if such conflicts may have existed. This is a complex policy issue for which there exists no simple, quick fix.
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Item Type: | Policy Paper |
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Subjects for non-EU documents: | EU policies and themes > Policies & related activities > economic and financial affairs > Single Market > capital, goods, services, workers EU policies and themes > Policies & related activities > economic and financial affairs > financial crisis 2008-on/reforms/economic governance |
Subjects for EU documents: | UNSPECIFIED |
EU Series and Periodicals: | UNSPECIFIED |
EU Annual Reports: | UNSPECIFIED |
Series: | Series > Bruegel (Brussels) > Policy Contributions |
Depositing User: | Phil Wilkin |
Official EU Document: | No |
Language: | English |
Date Deposited: | 30 Mar 2009 |
Page Range: | p. 9 |
Last Modified: | 15 Feb 2011 18:09 |
URI: | http://aei.pitt.edu/id/eprint/10631 |
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