Credit rating agencies / / Giulia Mennillo |
Autore | Mennillo Giulia |
Pubbl/distr/stampa | London, England : , : Agenda Publishing, , [2022] |
Descrizione fisica | 1 online resource (148 pages) |
Disciplina | 332.178 |
Collana | Finance Matters |
Soggetto topico |
Rating agencies (Finance)
Credit bureaus Credit ratings |
ISBN | 1-78821-540-0 |
Formato | Materiale a stampa |
Livello bibliografico | Monografia |
Lingua di pubblicazione | eng |
Nota di contenuto |
Cover -- Half Title -- Series Information -- Title Page -- Dedication -- Copyright Page -- Contents -- Acknowledgements -- List of figures and tables -- List of abbreviations -- Introduction -- Why CRAs have become important -- The CRAs' role in the global financial crisis of 2008 -- Current status of the rating agencies: "anything but discredited players"? -- The resilience of CRAs -- Overview of the book -- 1 The "what" and the "who" about credit rating -- What is a rating and what is it not? -- CRAs as a case of structural power -- The Big Three -- Standard & -- Poor's Global Ratings -- Moody's Investors Service -- Fitch Ratings -- Technological change and the commodification of rating -- 2 What do credit rating agencies do? -- The authors of the common language of credit risk -- The rating scale -- Investment grade, or not investment grade -- that is the question -- Rating methodologies -- Sovereigns -- Sub-sovereigns -- Corporate rating methodology -- Discussion -- Rating through the cycle -- The caveat of the invisible in the visible: reading between the lines -- 3 The use of ratings -- Issuers, investors and intermediaries -- The collateral framework of the European Central Bank -- The standardized approach for credit risk in the Basel regulatory framework -- What are the alternatives to the regulatory use of ratings? -- Is there no alternative to external CRA ratings? -- The initiative of the Financial Stability Board to reduce the CRA reliance -- Wishful thinking: back to Basel I? -- 4 Credit rating agencies under criticism -- Conflicts of interest -- The US home bias -- The lack of competition -- The timeliness of ratings -- The CRA critique and the CRAs' authority -- 5 Regulating the credit rating agencies -- US efforts -- Transnational efforts -- EU efforts -- An assessment of the CRA regulations enacted after the GFC.
6 Credit rating in China -- A brief history -- The major players -- Dagong's sovereign ratings: challenging the Big Three or just reinventing the wheel? -- Dysfunctionality in the rating market: causes and indicators -- Liberalizing China's rating market -- Conclusion -- Notes -- References -- Index. |
Record Nr. | UNINA-9910795884603321 |
Mennillo Giulia | ||
London, England : , : Agenda Publishing, , [2022] | ||
Materiale a stampa | ||
Lo trovi qui: Univ. Federico II | ||
|
Credit rating agencies / / Giulia Mennillo |
Autore | Mennillo Giulia |
Pubbl/distr/stampa | London, England : , : Agenda Publishing, , [2022] |
Descrizione fisica | 1 online resource (148 pages) |
Disciplina | 332.178 |
Collana | Finance Matters |
Soggetto topico |
Rating agencies (Finance)
Credit bureaus Credit ratings |
ISBN | 1-78821-540-0 |
Formato | Materiale a stampa |
Livello bibliografico | Monografia |
Lingua di pubblicazione | eng |
Nota di contenuto |
Cover -- Half Title -- Series Information -- Title Page -- Dedication -- Copyright Page -- Contents -- Acknowledgements -- List of figures and tables -- List of abbreviations -- Introduction -- Why CRAs have become important -- The CRAs' role in the global financial crisis of 2008 -- Current status of the rating agencies: "anything but discredited players"? -- The resilience of CRAs -- Overview of the book -- 1 The "what" and the "who" about credit rating -- What is a rating and what is it not? -- CRAs as a case of structural power -- The Big Three -- Standard & -- Poor's Global Ratings -- Moody's Investors Service -- Fitch Ratings -- Technological change and the commodification of rating -- 2 What do credit rating agencies do? -- The authors of the common language of credit risk -- The rating scale -- Investment grade, or not investment grade -- that is the question -- Rating methodologies -- Sovereigns -- Sub-sovereigns -- Corporate rating methodology -- Discussion -- Rating through the cycle -- The caveat of the invisible in the visible: reading between the lines -- 3 The use of ratings -- Issuers, investors and intermediaries -- The collateral framework of the European Central Bank -- The standardized approach for credit risk in the Basel regulatory framework -- What are the alternatives to the regulatory use of ratings? -- Is there no alternative to external CRA ratings? -- The initiative of the Financial Stability Board to reduce the CRA reliance -- Wishful thinking: back to Basel I? -- 4 Credit rating agencies under criticism -- Conflicts of interest -- The US home bias -- The lack of competition -- The timeliness of ratings -- The CRA critique and the CRAs' authority -- 5 Regulating the credit rating agencies -- US efforts -- Transnational efforts -- EU efforts -- An assessment of the CRA regulations enacted after the GFC.
6 Credit rating in China -- A brief history -- The major players -- Dagong's sovereign ratings: challenging the Big Three or just reinventing the wheel? -- Dysfunctionality in the rating market: causes and indicators -- Liberalizing China's rating market -- Conclusion -- Notes -- References -- Index. |
Record Nr. | UNINA-9910824866903321 |
Mennillo Giulia | ||
London, England : , : Agenda Publishing, , [2022] | ||
Materiale a stampa | ||
Lo trovi qui: Univ. Federico II | ||
|
The systemic regulation of credit rating agencies and rated markets [[electronic resource] /] / prepared by Amadou N.R. Sy |
Autore | Sy Amadou N. R |
Pubbl/distr/stampa | [Washington D.C.], : International Monetary Fund, 2009 |
Descrizione fisica | 1 online resource (38 p.) |
Collana | IMF working paper |
Soggetto topico |
Rating agencies (Finance)
Financial crises |
Soggetto genere / forma | Electronic books. |
ISBN |
1-4623-0734-5
1-4527-6520-0 1-282-84343-5 9786612843433 1-4518-7276-3 |
Formato | Materiale a stampa |
Livello bibliografico | Monografia |
Lingua di pubblicazione | eng |
Nota di contenuto |
Contents; I. Introduction; II. Lessons from Previous Rating Crises; III. Credit Ratings in Capital Markets; A. The Demand and Supply for Credit Ratings; B. Use of Credit Ratings in Legislation, Regulations and Supervisory Policies (LRSP's); C. Costs and Benefits of Ratings; IV. The Systemic Risk of Ratings; V. Role of CRA's in Structured Products Markets; A. The Rapid Growth of Structured Products; B. AAA as the Gold Standard; VI. Model Risk in the Rating of Structured Credit Products; VII. Governance Issues in the Rating of Structured Credit Products; VIII. Policy Recommendations
A. Regulating CRAsB. Regulating Rated Securities Markets; C. Ensuring Systemic Stability; IX. Conclusions; X. Reference |
Record Nr. | UNINA-9910464005003321 |
Sy Amadou N. R | ||
[Washington D.C.], : International Monetary Fund, 2009 | ||
Materiale a stampa | ||
Lo trovi qui: Univ. Federico II | ||
|
The Systemic Regulation of Credit Rating Agencies and Rated Markets / / Amadou Sy |
Autore | Sy Amadou |
Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2009 |
Descrizione fisica | 1 online resource (38 p.) |
Collana | IMF Working Papers |
Soggetto topico |
Rating agencies (Finance)
Financial crises Banks and Banking Finance: General Investments: General Money and Monetary Policy Financial Crises General Financial Markets: Government Policy and Regulation Investment Banking Venture Capital Brokerage Ratings and Ratings Agencies Financial Institutions and Services: Government Policy and Regulation Monetary Policy, Central Banking, and the Supply of Money and Credit: General Financing Policy Financial Risk and Risk Management Capital and Ownership Structure Value of Firms Goodwill General Financial Markets: General (includes Measurement and Data) Monetary economics Financial services law & regulation Finance Investment & securities Credit ratings Credit risk Systemic risk Securities Credit Money Financial regulation and supervision Financial sector policy and analysis Financial institutions Financial risk management Financial instruments |
ISBN |
1-4623-0734-5
1-4527-6520-0 1-282-84343-5 9786612843433 1-4518-7276-3 |
Formato | Materiale a stampa |
Livello bibliografico | Monografia |
Lingua di pubblicazione | eng |
Nota di contenuto |
Contents; I. Introduction; II. Lessons from Previous Rating Crises; III. Credit Ratings in Capital Markets; A. The Demand and Supply for Credit Ratings; B. Use of Credit Ratings in Legislation, Regulations and Supervisory Policies (LRSP's); C. Costs and Benefits of Ratings; IV. The Systemic Risk of Ratings; V. Role of CRA's in Structured Products Markets; A. The Rapid Growth of Structured Products; B. AAA as the Gold Standard; VI. Model Risk in the Rating of Structured Credit Products; VII. Governance Issues in the Rating of Structured Credit Products; VIII. Policy Recommendations
A. Regulating CRAsB. Regulating Rated Securities Markets; C. Ensuring Systemic Stability; IX. Conclusions; X. Reference |
Record Nr. | UNINA-9910788333103321 |
Sy Amadou | ||
Washington, D.C. : , : International Monetary Fund, , 2009 | ||
Materiale a stampa | ||
Lo trovi qui: Univ. Federico II | ||
|
The Systemic Regulation of Credit Rating Agencies and Rated Markets / / Amadou Sy |
Autore | Sy Amadou |
Edizione | [1st ed.] |
Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2009 |
Descrizione fisica | 1 online resource (38 p.) |
Disciplina | 338.2378 |
Collana | IMF Working Papers |
Soggetto topico |
Rating agencies (Finance)
Financial crises Banks and Banking Brokerage Capital and Ownership Structure Credit ratings Credit risk Credit Finance Finance: General Financial Crises Financial Institutions and Services: Government Policy and Regulation Financial institutions Financial instruments Financial regulation and supervision Financial Risk and Risk Management Financial risk management Financial sector policy and analysis Financial services law & regulation Financing Policy General Financial Markets: General (includes Measurement and Data) General Financial Markets: Government Policy and Regulation Goodwill Investment & securities Investment Banking Investments: General Monetary economics Monetary Policy, Central Banking, and the Supply of Money and Credit: General Money and Monetary Policy Money Ratings and Ratings Agencies Securities Systemic risk Value of Firms Venture Capital |
ISBN |
1-4623-0734-5
1-4527-6520-0 1-282-84343-5 9786612843433 1-4518-7276-3 |
Formato | Materiale a stampa |
Livello bibliografico | Monografia |
Lingua di pubblicazione | eng |
Nota di contenuto |
Contents; I. Introduction; II. Lessons from Previous Rating Crises; III. Credit Ratings in Capital Markets; A. The Demand and Supply for Credit Ratings; B. Use of Credit Ratings in Legislation, Regulations and Supervisory Policies (LRSP's); C. Costs and Benefits of Ratings; IV. The Systemic Risk of Ratings; V. Role of CRA's in Structured Products Markets; A. The Rapid Growth of Structured Products; B. AAA as the Gold Standard; VI. Model Risk in the Rating of Structured Credit Products; VII. Governance Issues in the Rating of Structured Credit Products; VIII. Policy Recommendations
A. Regulating CRAsB. Regulating Rated Securities Markets; C. Ensuring Systemic Stability; IX. Conclusions; X. Reference |
Record Nr. | UNINA-9910828557103321 |
Sy Amadou | ||
Washington, D.C. : , : International Monetary Fund, , 2009 | ||
Materiale a stampa | ||
Lo trovi qui: Univ. Federico II | ||
|