Monday, July 11, 2011

EU moves towards partial gag on ratings agencies

 Brussels on Monday urged a clampdown on the world's ratings agencies, including a ban on ratings for countries covered by international rescue packages, and possible legal action.


Internal Markets Commissioner Michel Barnier said in a speech delivered in Paris but released in Brussels that he would ask Poland, which currently holds the rotating European Union presidency, to put action on ratings agencies to ministers soon.


AFP