Wed, 3 Nov 2010: Rating agencies lose credibility…
Nov 3, 2010 Baltics
Rules set by the Basel Committee on Banking Supervision forced banks to increase the capital they held against assets that were downgraded by ratings companies, leading to fire sales. Commitments ...Tags: Assets, Basel Committee On Banking Supervision, Benchmark, Central Banks, Chris Atkins, Collateral, Commitments, Credibility, European Commission, Fi, Investors, Judgments, Proposals, Reliance, Spokesman