Credit Rating Agencies

42 Pages Posted: 28 Oct 2011

See all articles by Jakob de Haan

Jakob de Haan

University of Groningen - Faculty of Economics and Business; De Nederlandsche Bank; CESifo (Center for Economic Studies and Ifo Institute)

Fabian Amtenbrink

affiliation not provided to SSRN

Multiple version iconThere are 2 versions of this paper

Date Written: January 1, 2011

Abstract

This paper critically reviews the debate on CRAs and, in the light thereof, analyses the European regulatory approach to CRAs, thereby combining insights from economics and law. We first provide some basic background on the function of CRAs. Thereafter, we focus on the two main tasks for which CRAs have come under criticism, namely the issuing of sovereign ratings and the rating of structured instruments. Finally, we zoom in on the question of whether and how CRAs should be regulated given their function, focusing on recent European legislation that aims to standardize the conduct of CRAs.

Keywords: Credit rating, regulation

JEL Classification: G21, G18

Suggested Citation

de Haan, Jakob and de Haan, Jakob and Amtenbrink, Fabian, Credit Rating Agencies (January 1, 2011). De Nederlandsche Bank Working Paper No. 278, Available at SSRN: https://ssrn.com/abstract=1950563 or http://dx.doi.org/10.2139/ssrn.1950563

Jakob De Haan (Contact Author)

University of Groningen - Faculty of Economics and Business ( email )

PO Box 800
Groningen, 9700 AV
Netherlands
+31 0 50 3633706 (Fax)

De Nederlandsche Bank ( email )

P.O. Box 98
Amsterdam, 1000 AB
Netherlands

CESifo (Center for Economic Studies and Ifo Institute)

Poschinger Str. 5
Munich, DE-81679
Germany

HOME PAGE: http://www.CESifo.de

Fabian Amtenbrink

affiliation not provided to SSRN

No Address Available

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
1,069
Abstract Views
3,849
rank
5,536
PlumX Metrics