In the wake of the global financial crisis, the European Parliament and Council Regulation 1060/2009 on Credit Rating … Agencies has recently been published in the Official Journal of the European Union. With this Regulation the European Union … takes a first step in addressing calls for a better regulation of the (global) financial markets including, among other …

types of macro-prudential regulation: (i) those that attempt to take credit ratings out of regulation such as Section 939A … of the 2010 Dodd-Frank Act and (ii) those that aim to reduce the importance of credit ratings in regulation such as the …

crisis, after the crisis started, politicians became increasingly vocal in demanding regulation. Initially, these demands … were confined to a more binding form of self-regulation. But as the crisis progressed, the calls for state regulation grew … ever louder. It became apparent after the November 2008 G-20 summit in Washington that state regulation could no longer be …

America and European Union have both recently issued an accurate regulation, that require the agencies the compliance with …