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Subjects / Financial Markets

Newsletter November 2010: Drive to reduce ratings use by regulators and markets

Simon Turmaine | November 17, 2010

BASEL – Regulators’ long-term plan to diminish the role of credit rating agency ratings in standards, laws and regulations, as well as reduce banks and investors reliance on such ratings, took a step forward in late October with the release of a set of principles for achieving this goal. The principles* have been drawn up by the Financial Stability Board (FSB), the body coordinating international regulatory reform efforts.

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