Barnier Keen for Credit Ratings Agencies Crackdown to be Globally Coordinated; Iosco Publishes Consultation on Subject

Earlier this week, European internal market and services commissioner Michel Barnier indicated that he is keen for a level of global coordination to be achieved when implementing new financial system regulations, including those for credit ratings agencies (CRAs). Speaking ahead of his meeting with US Treasury secretary Timothy Geithner, Barnier stressed the importance of stronger...

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