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Rating agencies- an information privilege whose time has passed

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  • Nicolas Véron

Abstract

Nicolas Véron argues 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. It is not clear that conflicts of interests have been the root cause of this serious failure, even if such conflicts may have existed. More regulation of rating agencies will not be a sufficient response to the challenge posed by the...

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  • Nicolas Véron, 2009. "Rating agencies- an information privilege whose time has passed," Policy Contributions 235, Bruegel.
    • Handle: RePEc:bre:polcon:235
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    Cited by:

    1. Jonathan Katz & Emanuel Salinas & Constantinos Stephanou, 2009. "Credit Rating Agencies," World Bank Publications - Reports 10227, The World Bank Group.

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