Sudip Bandyopadhyay’s Blog

Credit rating agencies have been among the whipping boys of the financial crisis.  They have been criticised for what they were responsible for – awarding triple A ratings to securitised debt products they did not understand.  They have been criticised for what they were not responsible for – investors’ overreliance on ratings to guide investments.  [...]

What is the future for credit ratings agencies and how should they be treated under the new system of financial market regulation evolving internationally? These questions have been hotly debated in recent months and a consensus is now emerging. The European Union is close to finalizing legislation to register and regulate ratings firms for the [...]