European rating agency could break the hold of 'big three': Barnier

michel-barnier-eu-2010

A European ratings agency is one possible solution to the current system dominated by Standard & Poor's, Moody's and Fitch, collectively known as the "big three" agencies, Michel Barnier, the European commissioner for internal market regulation, said on Tuesday.

Addressing questions from the European parliament's economic and monetary affairs committee, Barnier said the ratings industry was too concentrated, giving too much power to the three established agencies. Chantal Hughes, Barnier's spoke

To continue reading...

You must be signed in to use this feature.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: