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Image header Agence Europe
Europe Daily Bulletin No. 10744
ECONOMY - FINANCE - BUSINESS / (ae) credit ratings

EU27 agrees on reform of credit rating agencies

Brussels, 04/12/12 (Agence Europe) - On Tuesday 4 December, the Cypriot Presidency told EU27 finance ministers that the three-way talks since the summer on reform of credit rating agencies had culminated in an agreement on 27 November (see EUROPE 10740). The European Commission, the European Parliament and the Council of Ministers have agreed on rules that will require rating agencies to be more open and competitive, with fewer conflicts of interest. The rules will also mean less reliance on...

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ECONOMY - FINANCE - BUSINESS
INSTITUTIONAL
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BUSINESS NEWS NO 42