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Subjects / Financial Markets

Email News Service June 08: ‘Toothless wonder’ makes mandatory rules necessary for rating agencies, says EU’s McCreevy

Simon Turmaine | June 15, 2008

DUBLIN, June 16 (Global Risk Regulator) – Describing as a “toothless wonder” the code of conduct for credit rating agencies set by the world’s stock market regulators, Europe’s top financial regulator says mandatory regulation of the firms is now necessary.

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