McCreevy hits out at rating agencies

Author (Person)
Series Title
Series Details 6.9.07
Publication Date 06/09/2007
Content Type

Report of comments by Charlie McCreevy, the EU Internal Market Commissioner, at the European Parliament, Strasbourg, 5 September 2007. He attacked credit rating agencies such as Moody's and Standard & Poor's for their role in the subprime mortgage crisis, but issued a robust defence of the hedge fund industry against demands for tighter regulation.

Related Links
European Commission: SPEECH/07/506 http://europa.eu/rapid/pressReleasesAction.do?reference=SPEECH/07/506&format=HTML&aged=0&language=EN&guiLanguage=en

Countries / Regions