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Subjects / Financial Markets

Newsletter March 09: Enhanced global oversight proposed for rating agencies

Simon Turmaine | March 19, 2009

MADRID – Proposals to beef up the global monitoring and oversight of credit rating agencies have been sent to the Group of 20 (G20) economically largest countries by a key international body of security market watchdogs. Several countries as well as the EU are planning to regulate the credit rating industry and there are fears that this will lead to a burdensome and duplicative fragmentation of supervision.

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