Fight against rating inflation only partly successful – ECB study
ABS issuers still shop around for credit ratings despite tougher EU regulations, paper finds
Tougher regulations have only partly succeeded in stopping credit rating agencies from inflating their classifications of structured finance products, a European Central Bank (ECB) study finds.
In their report, Nodirbek Karimov, Alper Kara, Gareth Downing and David Marques-Ibanez examine asset-backed securities (ABSs) issued in Europe during two periods. They look at the lead-up to the global financial crisis that started in 2008; and afterwards, when the European Union introduced regulations.
The
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Most read
- ECB says iPhone is currently incompatible with digital euro
- Supervisors grapple with the smaller bank dilemma
- ‘Do I die, or do I survive?’ Officials reflect on Basel III complexity