Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-06-08-Speech-3-307-000"
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"en.20110608.20.3-307-000"2
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"In favour. CRA ratings fulfil several useful purposes. They aggregate information about the credit quality of issuers in a global environment with asymmetric information between debt issuers and investors, allowing issuers to access global and domestic markets, reducing information costs and widening the potential pool of investors, thus providing liquidity to markets and helping find prices. However, developments in the regulatory framework have made these ‘information intermediaries’ de facto ‘regulatory licensors’. The recent financial crisis has highlighted that there are three key problems in the industry: lack of competition, over-reliance on external ratings in the regulatory framework and no liability for ratings by CRAs."@en1
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The resource appears as object in 2 triples