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| Author | : Daniel Cash |
| Publisher | : Springer |
| Total Pages | : 127 |
| Release | : 2018-12-17 |
| Genre | : Business & Economics |
| ISBN | : 3030037096 |
Download The Role of Credit Rating Agencies in Responsible Finance Book in PDF, ePub and Kindle
This Palgrave Pivot aims to examine the bourgeoning relationship between the Principles for Responsible Investment and the Credit Rating Industry. Since May of 2016, when the partnership was initially publicised, the PRI have endeavoured to incorporate Credit Rating Agencies into its initiative via its ‘ESG in Credit Ratings Initiative’, and have been working diligently to find, and create common ground between Credit Rating Agencies and Institutional Investors seeking to be more forward-looking in their investment approaches. However, in recent years the ‘Big Two’ Credit Rating Agencies – Standard & Poor’s and Moody’s – have finally received record fines for their conduct in the run-up to the Financial Crisis. There is a need, then, to examine the incorporation of the Credit Rating Agencies into such a progressive initiative. To achieve this objective, this book examines the field of ‘responsible investing’, the credit rating industry, and the power dynamic that exists between the rating industry, investors, and the PRI (via its ‘Initiative’).
| Author | : Muddassar Rasheed Malik |
| Publisher | : GRIN Verlag |
| Total Pages | : 5 |
| Release | : 2019-02-18 |
| Genre | : Business & Economics |
| ISBN | : 3668879168 |
Download The role of credit rating agencies. A blessing or a curse Book in PDF, ePub and Kindle
Seminar paper from the year 2011 in the subject Economics - Finance, , course: Bank Financial Management, language: English, abstract: This report is examining the role of credit rating agencies and in further details arguments in its favor and against its favor are examined. In the beginning the role of credit rating agencies is defined and later methodological approaches to this topic are discussed, and afterwards, an analysis of pros and cons of credit rating agencies is conducted. To the end recommendations and suggestions to credit rating agencies for better performances are listed. Generally, credit rating agencies are playing vital role in markets and they united dispersed information comprehensively. Through this approach it is easier for investors or issuers to understand the real position of different concerns before taking any final decisions, beside this fact it is also in observation that credit rating agencies have some flaws which need to be addressed, like favoritism and unsolicited credit rating issuance. It is recommended to have transparency, scheduled active ratings and strict follow up with regulated authorities.
| Author | : Anonym |
| Publisher | : GRIN Verlag |
| Total Pages | : 57 |
| Release | : 2009-07-23 |
| Genre | : Business & Economics |
| ISBN | : 3640380231 |
Download The Role of Rating Agencies in Structured Finance Book in PDF, ePub and Kindle
Essay from the year 2008 in the subject Business economics - Investment and Finance, grade: 2,2, European Business School - International University Schlo Reichartshausen Oestrich-Winkel, course: Introduction to Investment Banking, language: English, abstract: "There are two superpowers in the world ...] the United States and Moody's Bond Rating Service" - Thomas L. Friedman, NY Times The above statement by Thomas L. Friedman accentuates the importance of credit rating agencies (CRAs) in modern financial markets. As the past months have shown, Friedman's statement has held especially true for the role of CRAs in the structured finance market, where CRAs are currently being made responsible for playing an integral role in the emergence of one of the biggest financial crises of mankind: the subprime crisis. The role and the importance of CRAs in the structured finance market is the central topic of the following paper. To fully understand the impact of this issue on the worldwide financial markets, it is interesting to shed some light onto the dimensions of the structured finance market. The market is of considerable size given that outstanding structured finance securities in the United States amounted to 7.3 trillion US dollars in 2005 (Nomura, 2005) and have now grown to 9 trillion US dollars, which is more than two thirds of the United States GDP of 13.1 trillion US dollars in 2007 (U.S. Bureau of Economic Analysis, BEA, 2007). More-over, these outstanding structured finance securities represent more than 30% of the total outstandings in the U.S. bond markets (Nomura, 2005). As these figure reveal, it is not surprising that complications in the core of the huge market of structured finance could potentially lead to a major destabilisation of the entire worldwide financial markets; a risk that was obviously underestimated for a long time and finally lead to the genesis of the sub-prime crisis. The role of CRAs in the structured finance market has long been debat
| Author | : Daniel Cash |
| Publisher | : Springer Nature |
| Total Pages | : 151 |
| Release | : 2021-04-16 |
| Genre | : Business & Economics |
| ISBN | : 3030716937 |
Download Sustainability Rating Agencies vs Credit Rating Agencies Book in PDF, ePub and Kindle
This book details the difference between the two rating industries, but this difference is converging all the time. The concept of investing in a more responsible and sustainable manner is drawing in some of the world’s leading investors and, with it, regulations and policies are developing at the highest levels. However, the market is not getting what it needs to fully submit to the concept of responsible investing. It has called for more to be done from those tasked with injecting information into their processes, and two industries in particular have been identified as being natural partners. It has been suggested that they are on a collision course to serve the mainstream investor, and in this book, that collision course is contextualised, explained, presented, and finally its outcome predicted.
| Author | : Andrea Miglionico |
| Publisher | : |
| Total Pages | : 0 |
| Release | : 2019 |
| Genre | : Credit bureaus |
| ISBN | : 9781786439932 |
Download The Governance of Credit Rating Agencies Book in PDF, ePub and Kindle
The global crisis revealed that credit rating agencies (CRAs) are capable of bringing about potential distortions in the financial sector, thereby resulting in a reduction in market confidence which, in turn, influences negotiations and expectations. CRAs need to be held accountable for lack of transparency and inaccurate ratings, however the existing regulatory framework does not secure adequate investor protection. This book provides a new and important contribution to research in the area, at a crucial time in the debate around financial regulation and investment regimes.
| Author | : United States. Congress. House. Committee on Financial Services. Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises |
| Publisher | : |
| Total Pages | : 184 |
| Release | : 2008 |
| Genre | : Credit ratings |
| ISBN | : |
Download The Role of Credit Rating Agencies in the Structured Finance Market Book in PDF, ePub and Kindle
| Author | : Herwig M. Langohr |
| Publisher | : John Wiley & Sons |
| Total Pages | : 662 |
| Release | : 2008 |
| Genre | : Business & Economics |
| ISBN | : |
Download The Rating Agencies and Their Credit Ratings Book in PDF, ePub and Kindle
This title is a guide to ratings, the ratings industry, and the mechanics and economics of obtaining a rating. It sheds light on the role that the agencies play in the international financial markets.
| Author | : Jan Pohlmann |
| Publisher | : GRIN Verlag |
| Total Pages | : 22 |
| Release | : 2019-08-06 |
| Genre | : Business & Economics |
| ISBN | : 3668993912 |
Download The role of credit rating agencies in the global financial system and the associated problems Book in PDF, ePub and Kindle
Seminar paper from the year 2019 in the subject Business economics - Investment and Finance, , language: English, abstract: The objective of this seminar paper is to illuminate the work and role of credit rating agencies in the global financial system and to explain and understand the general criticism directed at them. In addition, their special part in the subprime crisis of 2008 will be analysed and an estimation will be made of how much responsibility they bear in the crisis.
| Author | : Andrea Miglionico |
| Publisher | : Edward Elgar Publishing |
| Total Pages | : 360 |
| Release | : 2019 |
| Genre | : LAW |
| ISBN | : 1786439948 |
Download The Governance of Credit Rating Agencies Book in PDF, ePub and Kindle
The global crisis revealed that credit rating agencies (CRAs) are capable of bringing about potential distortions in the financial sector, thereby resulting in a reduction in market confidence which, in turn, influences negotiations and expectations. CRAs need to be held accountable for lack of transparency and inaccurate ratings, however the existing regulatory framework does not secure adequate investor protection. This book provides a new and important contribution to research in the area, at a crucial time in the debate around financial regulation and investment regimes.
| Author | : Malte Henrik Klein |
| Publisher | : GRIN Verlag |
| Total Pages | : 51 |
| Release | : 2016-03-11 |
| Genre | : Business & Economics |
| ISBN | : 3668171254 |
Download The Role of Rating Agencies in Financial Crises Book in PDF, ePub and Kindle
Bachelor Thesis from the year 2010 in the subject Economics - International Economic Relations, grade: 2.0, University of Osnabrück, language: English, abstract: To understand the roots of the capital markets and the rating agencies I want to start this Bachelor Thesis with a historical development. With introduction of the Issuer Pays Model and the proclamation of so called NRSROs there is the starting point for a long time discussion within the credit rating industry. Then I want to introduce the case of Enron, a former energy conglomerate which has been wrongly rated by the rating agencies. I want to investigate if there are any parallels to the crisis of 2007. I also want to understand and show the reasons and the structure of the crisis of 2007. So I will introduce the Subprime market and structured finance, as these topics were probably the triggers for the crisis. The main part of my thesis is to find an explanation for the performance of the credit rating agencies. I use a theoretical model which stresses the complexity of assets. The model says that the more complex an asset is, the harder it is to rate for the agencies. In opposite to that I want to compare the results of the theoretical model with an empirical study. I want to investigate if the theoretical model gets the same result as the empirical approach or if there are huge differences. At last I want to introduce some solution proposals by myself and think about further approaches.
