Credit Rating Agencies Self-regulation, Statutory Regulation and Case Law Regulation in the United States and European Union /

• Main Author: Hemraj, Mohammed (Author)
• Corporate Author: SpringerLink (Online service)
• Format: Electronic eBook
• Language: English
• Published: Cham : Springer International Publishing : Imprint: Springer, 2015.
• Subjects: Law.; Private international law.; Conflict of laws.; International law.; Comparative law.; Trade.; Macroeconomics.; International Economic Law, Trade Law.; Macroeconomics/Monetary Economics//Financial Economics.; Private International Law, International & Foreign Law, Comparative Law.; European Law.

The book examines the role of credit rating agencies (CRAs) in the subprime mortgage crisis. The CRAs are blamed for awarding risky securities ‘3-A’ investment grade status and then failing to downgrade them quickly enough when circumstances changed, which led to investors suffering substantial loss...

Table of Contents:

• 1. Theories, Rating Failure and the Subprime Mortgage Crisis
• 2. US and EU Soft Law – Self-regulation.- 3. US Statutory Regulation.- 4. EU Statutory Regulation.- 5. US Case Law Regulation
• 6. Regulation: Success or Failure?.