Credit rating agency failure to comply with corporate governance, compliance and record-keeping requirements under European rules
The aim is to reduce companies’ reliance on credit rating agencies
Negative outlooks also affirmed as feds consider “bail-in” regime
Update adds measures on governance, training and risk management
Global regulators seek better understanding of other CRA products and services
Regulators considering possible alternatives for financial institutions
Proposed revisions to reflect the impact of financial crisis and changes in the industry and bank regulation
Financial institution rating activity was largely positive during the quarter
Reforms aimed at strengthening the overall quality of credit ratings
Ratings agency changes province's outlook from stable amid deficit fears