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2016 | OriginalPaper | Chapter

4. Role and Regulation of Credit Rating Agencies

Author : Zafer Diab

Published in: Rating von Finanzinstituten

Publisher: Springer Fachmedien Wiesbaden

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Abstract

Credit ratings are an integral part of banking and securities markets and their longstanding use by market participants is a testament to their positive value as an input into credit judgements. Credit rating agencies (CRAs) offer investors clear opinions on the creditworthiness of rated entities and financial instruments, set out in detailed research reports and summarised in easy-to-compare rating grades.

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Literature
go back to reference Basel Committee on Banking Supervision (2009): Stocktaking on the Use of Credit Ratings, June 2009. Basel Committee on Banking Supervision (2009): Stocktaking on the Use of Credit Ratings, June 2009.
go back to reference EBA Banking Stakeholder Group (2014): Response to the Consultation Paper (JC/CP/2014/01) of EBA, ESMA and EIOPA on the Draft Implementing Technical Standards on the mapping of ECAIs’ credit assessments under Article 136(1) and (3) of Regulation (EU) No 575/2013 (Capital Requirements Regulation), June 2014. EBA Banking Stakeholder Group (2014): Response to the Consultation Paper (JC/CP/2014/01) of EBA, ESMA and EIOPA on the Draft Implementing Technical Standards on the mapping of ECAIs’ credit assessments under Article 136(1) and (3) of Regulation (EU) No 575/2013 (Capital Requirements Regulation), June 2014.
go back to reference ECB (2014): Response to Financial Stability Board (FSB) request for action plans for reducing reliance on Credit Rating Agency (CRA) ratings ECB (2014): Response to Financial Stability Board (FSB) request for action plans for reducing reliance on Credit Rating Agency (CRA) ratings
go back to reference European Commission (2006): Press Release, Internal Market: Commission sets out its policy on credit rating agencies European Commission—IP/06/8 09/01/2006 European Commission (2006): Press Release, Internal Market: Commission sets out its policy on credit rating agencies European Commission—IP/06/8 09/01/2006
go back to reference Financial Stability Board (2014): Thematic Review on FSB Principles for Reducing Reliance on CRA Ratings Peer Review Report, May 2014 Financial Stability Board (2014): Thematic Review on FSB Principles for Reducing Reliance on CRA Ratings Peer Review Report, May 2014
Metadata
Title
Role and Regulation of Credit Rating Agencies
Author
Zafer Diab
Copyright Year
2016
DOI
https://doi.org/10.1007/978-3-658-04195-3_4