Series: IMF Working Papers
Author(s): Amadou Sy
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 June 2009
Keywords: Rating agencies, structured credit products, macro-prudential, micro-prudential, regulation, procylicality, credit ratings, financial stability, money market,
Credit ratings have contributed to the current financial crisis. Proposals to regulate credit rating agencies focus on micro-prudential issues and aim at reducing conflicts of interest and increasing transparency a...