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Europe Daily Bulletin No. 9598

9 February 2008
Contents Publication in full By article 11 / 30
GENERAL NEWS / (eu) eu/financial services
Charlie McCreevy presses rating agencies to review rules or face legislation

Brussels, 08/02/2008 (Agence Europe) - Speaking at the annual dinner of the Society of Business Economists” in London on Wednesday 6 February, European Internal Market Commissioner Charlie McCreevy sent a firm message to rating agencies. He pressed them to quickly bring forward substantial proposals for the review of their internal rules, or face the prospect of specific regulation at European level.

Strong, independent, professional oversight of the credit professionals with the...

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