Parliament to dismiss plans for European credit ratings

EurActiv reported that Members of the European Parliament (MEPs) were likely to reject in June 2012 the idea of a European approach to credit rating, highlighting difficulties in implementing a European Commission proposal that many lawmakers argue is unrealistic.

• Primary Source

ESO: Background information: EU shake-up for rating agencies http://www.europeansources.info/record/eu-shake-up-for-rating-agencies/

European Commission: DG Internal Market and Services: Securities: Rating Agencies http://ec.europa.eu/internal_market/securities/agencies/index_en.htm

Bertelsmann Foundation: Press Release, 25.4.12: New Ideas from the Bertelsmann Foundation: An International Non-Profit Credit Rating Agency http://futurechallenges.org/news/new-ideas-from-bertelsmann-an-international-non-profit-credit-rating-agency/

Bertelsmann Foundation: Publications: Blueprint for INCRA: An International Non-Profit Credit Rating Agency, 2012 http://www.bfna.org/publication/blueprint-for-incra-an-international-non-profit-credit-rating-agency

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