EU set to crack down on rating agencies

Article reports that the European Commission is to unveil 'targeted regulatory measures' for credit rating agencies operating in Europe over the next few months in response to anger over their role in promoting the sale of complex structured investments.

http://europa.eu/rapid/pressReleasesAction.do?reference=SPEECH/08/334&format=HTML&aged=0&language=EN&guiLanguage=en http://europa.eu/rapid/pressReleasesAction.do?reference=SPEECH/08/334&format=HTML&aged=0&language=EN&guiLanguage=en

IOSCO: Code of Conduct Fundamentals for Credit Rating Agencies, 2004 http://www.iosco.org/library/pubdocs/pdf/IOSCOPD180.pdf

European Rating Agency: IOSCO Code of Conduct Fundamentals for Credit Rating Agencies http://www.europeanratings.co.uk/index.php?section=reg_iosco

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