REGULATORY PURPOSES AND IMPERFECTIONS IN RATING
Abstract
This paper focuses on some aspects of the problem of application for rating induced by regulators. First, are reviewed, without limitation, some of the most significant examples of regulatory abdication in favor of the rating agencies. Second, there are some problems found during the recent financial crisis affecting the market of services provided by rating agencies. Then, are briefly described the main reactions to the shortcomings of legislators and regulators and rating agencies that the crisis has highlighted.The papers published in the journal are licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License, which permits unrestricted, non-commercial use, distribution and reproduction in any medium, provided the work is properly cited.
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