Ah ha! Credit rating agencies seem to have been up to no good. There’s a big surprise. In the US, the SEC issued the findings of a 10-month report which found all three agencies – Moody’s Standard & Poor’s and Fitch Ratings had “sacrificed quality for profit” as the Journal headline put it.
The report included […]

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Last month at The Forum in London, the MiFID conference sponsored by JWG-IT, David Wright, deputy director general, EU Commission, told bankers they should take the current financial crisis seriously.  “The firms that created this mess have to step up to the plate. This is not the time for firms to seek de minimus solutions or […]

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