EU turns up heat on rating agencies

The European Union has taken a first step towards stricter regulation of credit rating agencies, July 2008, by supporting calls to register them and make them answerable to financial market supervisors.

ESO: Background information http://www.europeansources.info/record/eu-set-to-crack-down-on-rating-agencies/

Council of the European Union: Press Release, 8.7.08: Council Conclusions on Transparency and Rating agencies http://www.consilium.europa.eu/ueDocs/cms_Data/docs/pressData/en/ecofin/101734.pdf

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