suspender el poder de las Agencias de rating!
das Agencias de poder suspender or rating!
As is well known rating agencies sell their ratings to issuers of securities, rather than those who buy, as it had in the past. They had a huge growth after Basel 2, which in fact has made the necessary assessments of the issuance of securities, according to the SEC in the U.S..
During the financial crisis, rating agencies have been at the center of the storm for several reasons: first for not having foreseen the failures and have maintained high ratings to the end and
Secondly, were charged, Very often, conflicts of interest with the same companies that sold credit ratings. In essence, the rating agencies are accused of not having properly exercised their role in that as guardians of the system have become accomplices of the failures to this end have been taken into account penalties and suspensions.
It is proposed that rating agencies are forbidden to advise, not to fuel conflict of interest, as it is proposed to expand the competition between the agencies themselves to avoid being in a monopoly situation like the present: the major rating agencies in the world are 3.Are absorb the vast majority of the rating market and pursue a truly supranational power.
It 'clear that this is the result of the abandonment of the field by regulators in each country. Today we witness too much for a kind of duplication of assessments
Reliability of evidence: in fact, CDS are issued on a very wide arc of securities that, even if wrongly, in fact, intend to play an evaluative role. WHAT TO DO? After four years has not been done almost nothing, but now many new broadcasters are quietly without the rating, but the states continue to lose national sovereignty. It 's time to remove the rating agencies the power they have in the assessment of sovereign debt of the nation state.
