EU to propose new rating agency regulations

Les commentaires des blogueurs sont plus pertinents que l’article lui-même.


Extrait de: EU to propose new rating agency regulations, The Associated Press, Friday, The Globe and Mail, Jul. 08, 2011

The head of the European Commission says the practices of the three top credit rating agencies will come under scrutiny and that Europe could benefit from having its own agency.

Rating agencies have had a central role in warning about Europe’s debt crisis, though many politicians have criticized them for fanning fears.

Jose Manuel Barroso said the Commission “will come up with some proposals in the autumn” on regulating the agencies, but did not give any detail.

He said the agencies sometimes anticipate risks but can also “overrate” them.

Mr. Barroso said the ratings market – dominated by Standard & Poor’s, Moody’s and Fitch in the U.S. – would benefit from competition from a new, independent European agency.

Mr. Barroso spoke Friday in Poland, which holds the rotating EU presidency.


Les blogueurs:

Bytown, 11:03 AM on July 8, 2011

In other words, we will regulate you to say what we want you to say

argy-bargy, 11:17 AM on July 8, 2011

Shooting the messenger. The message is still the same - the E.U. is financially and culturally untenable.

Blondola, 8:24 PM on July 8, 2011

The head of the European Commission says the practices of the three top credit rating agencies will come under scrutiny and that Europe could benefit from having its own agency.

Rating agencies have had a central role in warning about Europe’s debt crisis, though many politicians have criticized them for fanning fears.

Unbelievable!!!

The EU wants it's own credit rating agency for one reason - to TRY to convince everyone they are ok

TOO LATE.

Thankfully Moodys and other credit agencies are doing their jobs and the EU et al is in HUGE HUGE TROUBLE - in fact they are DESPERATE and trying to pull the wool over our eyes -

It won't work