IDEAS home Printed from https://ideas.repec.org/p/zbw/safewh/1.html
   My bibliography  Save this paper

Civil liability of credit rating agencies: Regulatory all-or-nothing approaches between immunity and over-deterrence

Author

Listed:
  • Haar, Brigitte

Abstract

The European Commission recently put forward a proposal for a regulation to amend and strengthen the 2009 version of the EU's rules on the regulation of credit rating agencies (CRA3). Among other things, Art. 35a of the draft proposal introduces strict liability for rating agencies. This liability proposal is at odds with the aim to strengthen competition in the rating sector and could have a chilling effect on capital markets. The paper analyses existing rules on civil liability of rating agencies under different legal systems. Subsequently, the provision under Art. 35a of the Draft Proposal is examinded more closely. Suggestions on possible improvemts of the proposal are made.

Suggested Citation

  • Haar, Brigitte, 2013. "Civil liability of credit rating agencies: Regulatory all-or-nothing approaches between immunity and over-deterrence," SAFE White Paper Series 1, Leibniz Institute for Financial Research SAFE.
    • Handle: RePEc:zbw:safewh:1
    as

    Download full text from publisher

    File URL: https://www.econstor.eu/bitstream/10419/88688/1/775240176.pdf
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. repec:mth:ijafr8:v:9:y:2019:i:1:p:209-228 is not listed on IDEAS

    More about this item

    Keywords

    CRA3; Rating Agencies; contractual liability; regulation;
    All these keywords.

    JEL classification:

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:zbw:safewh:1. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ZBW - Leibniz Information Centre for Economics (email available below). General contact details of provider: https://edirc.repec.org/data/csafede.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.