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Europe Daily Bulletin No. 10845

15 May 2013
ECONOMY - FINANCE - BUSINESS / (ae) credit rating
Tighter credit rating rules

Brussels, 14/05/2013 (Agence Europe) - On Monday 13 May, the Council of the European Union endorsed the draft directive on credit rating agencies. The idea is to reduce investor over-reliance on external credit ratings, mitigate the risk of conflicts of interest and set up a civil liability system.

In order to make the credit rating industry more competitive, a rotation system will be introduced but only for issuers of structured financial products with underlying re-securitised assets. It...

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ECONOMY - FINANCE - BUSINESS
INSTITUTIONAL
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BUSINESS NEWS NO 61
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