Credit Rating Agencies on the Watch List: Analysis of European Regulation by Jav

Description: Credit Rating Agencies on the Watch List by Javier Ruiz del Pozo, Raquel García Alcubilla Estimated delivery 3-12 business days Format Hardcover Condition Brand New Description Rating agencies judge how solvent banks and big companies are. Prior to the financial crisis they were too optimistic when rating the risk of the banks and this prompted politicians worldwide to issue new regulations. This book explains what rating agencies do, why they are so important for the economy, and the new European Regulation. Publisher Description Credit rating agencies have been criticized for their role in the financial crisis by understating credit risk. The US subprime mortgage crisis highlighted the systemic relevance of the rating agencies and the deficiencies in their activities; this led to an international consensus to regulate the rating business. Written by those involved in developing European Legislation, this book explains EU Regulation in the context of global initiatives undertaken by theG-20, the Financial Stability Board, and IOSCO to address failures within the rating industry. Through an in-depth analysis of the EU Regulations requirements on governance,conflicts of interest, methodologies, and transparency, the book provides a clear explanation of how rating agencies operate and how the identified failures have been addressed. Moreover, it examines the supervisory and enforcement powers of ESMA, the EU authority in charge of the registration and oversight of rating agencies. This is complemented with an analysis of guidance from supervisors (ESMA and EBA), IOSCOs recommendations, and US legislation. The book discusses possible new regulatorydevelopments in areas such as the agencies business model, competition, civil liability, and ratings of sovereign debt, in light of the Euro debt sovereign crisis. It concludes with the authorssupport for an enhanced regulatory and oversight coordination at international level and for the implementation of the necessary steps to reduce the existing over-reliance on ratings. Author Biography Raquel García Alcubilla has developed her career in different departments of the CNMV, mainly in the Primary Markets Division. From 2006 to 2010 she combined her job at the CNMV with the position of Senior Officer at ESMA in the areas of rating agencies, prospectus, and takeovers. She holds bachelors degrees in both Law and Economics from the Comillas Pontifical University (ICADE) and a bachelors degree in Political Science from the Spanish NationalUniversity of Distance Education (UNED).; Javier Ruiz del Pozo is responsible for rating agencies oversight and policy issues. In addition, he oversees a team dealing with public offers and listing of securities,including securitizations deals. From 2006 to 2008, he was Director of Financial Information at ESMA in charge of rating agencies, accounting and auditing, prospectus, takeovers, ongoing disclosure requirements on listed companies, and corporate governance. He holds a bachelors degree in Law from the University of Navarra. Details ISBN 0199608865 ISBN-13 9780199608867 Title Credit Rating Agencies on the Watch List Author Javier Ruiz del Pozo, Raquel García Alcubilla Format Hardcover Year 2012 Pages 312 Publisher Oxford University Press GE_Item_ID:137030457; About Us Grand Eagle Retail is the ideal place for all your shopping needs! With fast shipping, low prices, friendly service and over 1,000,000 in stock items - you're bound to find what you want, at a price you'll love! Shipping & Delivery Times Shipping is FREE to any address in USA. Please view eBay estimated delivery times at the top of the listing. Deliveries are made by either USPS or Courier. We are unable to deliver faster than stated. International deliveries will take 1-6 weeks. NOTE: We are unable to offer combined shipping for multiple items purchased. This is because our items are shipped from different locations. Returns If you wish to return an item, please consult our Returns Policy as below: Please contact Customer Services and request "Return Authorisation" before you send your item back to us. Unauthorised returns will not be accepted. Returns must be postmarked within 4 business days of authorisation and must be in resellable condition. Returns are shipped at the customer's risk. We cannot take responsibility for items which are lost or damaged in transit. For purchases where a shipping charge was paid, there will be no refund of the original shipping charge. Additional Questions If you have any questions please feel free to Contact Us. Categories Baby Books Electronics Fashion Games Health & Beauty Home, Garden & Pets Movies Music Sports & Outdoors Toys

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End Time: 2024-11-21T04:11:57.000Z

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