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Europe Daily Bulletin No. 10226

1 October 2010
GENERAL NEWS / (eu) eu/ecofin council
Finance ministers discuss possibility of further framing of financial rating agencies

Brussels, 30/09/2010 (Agence Europe) - The US agency Moody's has just withdrawn its “Triple A” rating from Spain and on Friday 1 October, European finance ministers will discuss the need to introduce further regulation of the financial rating agencies. They will base their discussions on the note from the European Commission, which identifies four major problems: - excessive trust in external rating agencies; - the rating of sovereign debt; -the insufficient competition on the financial...

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