Credit Rating Agency Regulation:Has the “Rule 17g-5 Program” Worked?

Abstract

As the formal regulation of the Credit Rating Industry only began in 2005/6, the aftermath of the Financial Crisis was identified as fertile ground for the effective and widespread regulation of an industry that is wedded to a number of important financial interactions. In that post-Crisis era, the sweeping regulations that were aimed at the financial sector included the Credit Rating Industry in its scope and, as such, aimed to establish a number of key principles within the sector. Whilst there were a number of aims, this article focuses upon the aim of increasing the level of competition within the Industry, and to that end focuses upon one Rule in particular. However, the question remains as to how effective this push to increase competition has been, and also as to how effective the regulation can be in light of the particular dynamics that essentially define the Credit Rating Industry.

Divisions: College of Business and Social Sciences > Aston Law School
College of Business and Social Sciences > Aston Business School
Additional Information: © 2018 Thomson Reuters
Publication ISSN: 0958-5214
Last Modified: 25 Jan 2024 08:17
Date Deposited: 08 May 2018 09:35
PURE Output Type: Article
Published Date: 2018-09-01
Accepted Date: 2018-04-20
Authors: Cash, Daniel (ORCID Profile 0000-0002-4577-5972)

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