Brussels, 18/06/2013 (Agence Europe) - New rules on the activities of the rating agencies will come into force on 20 June, a year and a half after the proposal by the Commission was brought forward.
This stricter framework aims to reduce excessive dependency on external ratings. By the end of 2015, the Commission will have examined possibilities for getting rid of all references to external ratings by about 2020.
The new rules include the agencies' civil liability in the event of damages,...