Private Ratings, Public Regulations

Download or read book Private Ratings, Public Regulations written by A. Kruck and published by Springer. This book was released on 2011-05-11 with total page 221 pages. Available in PDF, EPUB and Kindle. Book excerpt: Credit rating agencies play a powerful and contentious role in the governance of global financial markets. Introducing an original framework for delegating political authority to private actors, this book explains common trends in the regulatory use of private ratings for public purposes and analyzes regulatory changes after the Financial Crisis.