Credit rating agencies

2.12.2008

ORAL QUESTION H-0984/08
for Question Time at the part-session in January 2009
pursuant to Rule 109 of the Rules of Procedure
by Georgios Papastamkos
to the Commission

The Commissioner responsible for the internal market and services, Mr Charlie McCreevy, recently stated the following in connection with the regulation of credit rating agencies. 'I want Europe to play a leading role in this sector. This proposal goes further than the rules existing in any other jurisdiction. These very exacting rules are necessary to restore the confidence of the market in the ratings business in the EU.'

 

Will the Commission say why it did not propose the adoption of a more exacting regulatory framework at the stage preceding the financial crisis?

 

 

Tabled: 02.12.2008

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