The idea of the seminar has been to show the various activities of CRAs, to mirror these activities from various points of view and to elucidate the contractual nature of their involvements also in the light of tort law, and further to discuss the role of new regulations related to the CRAs.
Theme: Background, Functions, Regulations and Liability of Credit Rating Agencies - The role of credit-rating agencies from a central banker’s perspective Stefan Ingves - How did increased competition affect credit ratings? Bo Becker and Todd Milbourn - Ratings Reform: The Good, The Bad, and The Ugly John C. Coffee Jr - Theme: Credit Rating Agencies from Different Perspectives - The role and regulation of ratings agencies in Europe Torsten Hinrichs - Control of ownership in credit rating agencies Jone Engh - Competition and Credit Rating Agencies Aline Darbellay - The Importance of Being and of Being Earnest: The Ontological, Epistemological and Constitutional Aspects of Credit Ratings Dan Hanqvist - Rating of enterprises Eva Lindebäck Brandt
Theme: The regulation of Credit Rating Agencies - Bank capital regulation and the role of external ratings: Unresolved issues Kern Alexander - Changes to the EU regulatory framework for credit rating agencies Per Lamberth - ESMA: the European supervisor of credit rating agencies in the EU Felix Flinterman - Conflicts of Interest and Risk Management Practices in the CRA Industry Rolf H. Weber & Simone Baumann
Theme: Liability Questions and Contractual Questions - Civil liability of Credit Rating Agencies – A professional liability regime? Vibe Ulfbeck
Theme: In conclusion The regulation of credit reference agencies: a wider view Philip Wood
Presentation of authors
APPENDIX