Ratings agencies Market turmoil in the wake of the subprime mortgage crisis has again raised questions about the accuracy of agencies’ ratings and conflicts of interest
UK chancellor to criticise over-dependence on credit ratings in European Union financial rules and will encourage investors to undertake their own checks
Failings on subprime mortgage products
Ministers back plan to register and supervise
‘Coding bug’ led to triple-A ratings for CPDOs
More tricky than regulators anticipate
Moody’s, the credit rating agency, said it was beginning disciplinary proceedings against some of its staff as it admitted it had incorrectly rated about $1bn of complex debt securities due to a computer error
When bankers at groups such as ABN Amro first dreamed up the concept of constant proportion debt obligations almost two years ago, many analysts regarded the idea as the epitome of a credit bubble gone mad
If European regulators are serious about reforming credit ratings, this is their chance. They should join the SEC’s proposal, says Frank Partnoy
Is this a real triple-A or a rating agency triple-A? Investors should be aware that semantics matter when asking this question, writes Arturo Cifuentes
Straightforward regulation would not work. It would be far better to open up the methodology behind ratings to wider scrutiny, debate and understanding
Investor outrage and regulatory pressure has lashed the ratings agencies, writes Michael Mackenzie
