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The Regulation Framework of Credit Rating Agencies Activity in the National Market
https://doi.org/10.32609/0042-8736-2009-2-39-50
Abstract
The dependence of the Russian market and its participants on the international rating agencies undermines an adequate estimation of credit risks and the economic sovereignty of the country. Russia should create an independent, effective and reliable national system of ratings. The Summit of G20 recommended forming a framework of supervision of rating agencies. The article discusses the model of regulation which minimizes risks of activity of rating agencies. Possible norms concern unsolicited ratings or regulation of rating pricing, sanctions for incorrect ratings, rating standard, minimum capital requirements, etc.
References
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Review
For citations:
Moiseev S. The Regulation Framework of Credit Rating Agencies Activity in the National Market. Voprosy Ekonomiki. 2009;(2):39-50. (In Russ.) https://doi.org/10.32609/0042-8736-2009-2-39-50
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