Sunday, April 15, 2007

Ratings agencies face tougher scrutiny calls


The world’s credit rating agencies will face calls for tougher scrutiny this week from some European regulators who are particularly concerned about their role in rating the explosion of new structured products.

Officials from France and other European countries will tell a meeting of the International Organisation of Securities Commissions – the world’s top securities regulators who are meeting this week in Mumbai – that more monitoring of ratings is needed.

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