TNBiz (TNBiz)
Markets  |  July 02, 2012 10:45:11

The supervisory Authority, saving methods of rating agencies


LONDON (MEDIAFAX) - European Office of Securities and Markets Authority (the Authority) as their boss Steven Maijoora investigating whether the methods of the big three credit rating agencies, banks are strict evaluation and sufficiently transparent. Reported on Reuters, referring to Monday's edition of the Financial Times.

Authority intends to investigate whether the methods used by the three largest credit rating agencies - Fitch, Standard & Poor's and Moody's - rating for banking institutions, sufficiently transparent and consistent.

According Maijoora large reduction credit ratings raises concerns about whether sufficient analytical resources agencies.

A similar step, for example, joined in June, Moody's when rating fell fifteen banks.

Inspection of the three largest credit rating agencies, according to him should be concluded by the end of this year.

Tomáš Králíček, kralicek@mediafax.cz

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