Stricter liability rules for rating agencies

Friday, September 27, 2013 Veröffentlichungen

Article by Dr. Anja Mayer and Dr. Friedrich Isenbart in Die Bank 10/2013

With the amendments to the Rating Regulation, the European legislator for the first time created a liability of rating agencies towards investors and issuers without contractual relationship. The EU wants rating agencies to assume responsibility for the consequences of their ratings.

However, claims for damages will still be difficult to assert by investors or issuers as the article by Friedrich Isenbart and Anja Mayer points out.


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