The European Commission adopts new proposals on credit rating agencies featuring competition-related remedies

There’s no way, but the hard way* The Commission’s Draft Proposal for a New Regulation on Credit Rating Agencies (“CRAs”) is just out. It enshrines a whole host of competition-related remedies (see text at the end of this post). Amongst the proposals on the table: • A limitation of the duration of CRA-issuers business relationships to a maximum of 3 years (article 6b); • Injunctions on outgoing CRAs to exchange information with incoming CRA

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  • Liège University - IEJE

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Nicolas Petit, The European Commission adopts new proposals on credit rating agencies featuring competition-related remedies, 15 November 2011, e-Competitions Bulletin Commitment Decisions, Art. N° 40189

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