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Role and Regulation of Credit Rating Agencies

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Rating von Finanzinstituten

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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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References

  • Basel Committee on Banking Supervision (2009): Stocktaking on the Use of Credit Ratings, June 2009.

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  • 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.

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  • ECB (2014): Response to Financial Stability Board (FSB) request for action plans for reducing reliance on Credit Rating Agency (CRA) ratings

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  • European Commission (2006): Press Release, Internal Market: Commission sets out its policy on credit rating agencies European Commission—IP/06/8 09/01/2006

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  • Financial Stability Board (2014): Thematic Review on FSB Principles for Reducing Reliance on CRA Ratings Peer Review Report, May 2014

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Author information

Authors and Affiliations

  1. Limassol, Zypern

    Zafer Diab

Authors
  1. Zafer Diab
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Correspondence to Zafer Diab .

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Editors and Affiliations

  1. Capital Intelligence, Agios Athanasios, Limassol, Cyprus

    Zafer Diab

  2. RATING EVIDENCE GmbH, Frankfurt, Hessen, Germany

    Oliver Everling

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© 2016 Springer Fachmedien Wiesbaden

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Diab, Z. (2016). Role and Regulation of Credit Rating Agencies. In: Diab, Z., Everling, O. (eds) Rating von Finanzinstituten. Springer Gabler, Wiesbaden. https://doi.org/10.1007/978-3-658-04195-3_4

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  • DOI: https://doi.org/10.1007/978-3-658-04195-3_4

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  • Publisher Name: Springer Gabler, Wiesbaden

  • Print ISBN: 978-3-658-04194-6

  • Online ISBN: 978-3-658-04195-3

  • eBook Packages: Business and Economics (German Language)

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