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Europe Daily Bulletin No. 10618

23 May 2012
ECONOMY - FINANCE - BUSINESS / (ae) rating
Member states relax credit rating agency rotation rule

Brussels, 22/05/2012 (Agence Europe) - On Monday 21 May 2012, the EU27 member states' permanent representatives agreed in principle on the draft regulation updating EU rules for credit rating agencies registered in Europe (see EUROPE 10612). In a press release, Danish Enterprise Minister Ole Sohn said the deal was positive, making it easier for new players to join the market and reducing dependency credit ratings in the financial system. He said it would also reduce conflicts of...

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