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Europe Daily Bulletin No. 10249

4 November 2010
Contents Publication in full By article 11 / 31
GENERAL NEWS / (eu) eu/financial services
Consultation on rating agencies

Brussels, 03/11/2010 (Agence Europe) - The European Commission will shortly be opening a consultation exercise on the role of credit rating agencies in order to examine the details of the impact of ratings on certain markets, like the sovereign debt market, explained EU Internal Market Commissioner Michel Barnier in his recent visit to the United States (see EUROPE 10248). Issues to be examined include the trading model whereby rating agencies are paid by the very bodies they rate (the...

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