BoE’s Tucker slams regulators over rating agency failures

paul-tucker

Paul Tucker, the deputy governor for financial stability at the Bank of England, on Monday launched a scathing attack on regulators and prudential supervisors for their failure to limit the influence of credit rating agencies in capital markets.

At the International Council of Securities Associations in London, Tucker said: "The extent to which ratings have been bolted into regulatory regimes – by securities regulators and prudential supervisors – has plainly been a great mistake. And it is one

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