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Credit bureaus. --- Credit ratings. --- Credit bureaus --- Credit ratings --- Finance --- Credit, Debt & Loans --- Business & Economics --- Commercial ratings --- Credit checks --- Credit guides --- Credit investigations --- Credit reports --- Ratings, Credit --- Credit --- Credit information services --- Credit reporting agencies --- Mercantile agencies --- Information services

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The Independence of Credit Rating Agencies focuses on the institutional and regulatory dynamics of these agencies, asking whether their business models give them enough independence to make viable judgments without risking their own profitability. Few have closely examined the analytical methods of credit rating agencies, even though their decisions can move markets, open or close the doors to capital, and bring down governments. The 2008 financial crisis highlighted their importance and their shortcomings, especially when they misjudged the structured financial products that

Rating agencies (Finance) --- Credit ratings. --- Credit bureaus. --- Credit --- Credit information services --- Credit reporting agencies --- Mercantile agencies --- Commercial ratings --- Credit checks --- Credit guides --- Credit investigations --- Credit reports --- Ratings, Credit --- Agencies, Rating (Finance) --- Rating services (Finance) --- Financial services industry --- Information services --- AA / International- internationaal --- 333.663 --- 336.312.3 --- rating van bedrijven --- Solvabiliteit, kredietwaardigheid van de landen. Risicolanden

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This book details the difference between the two rating industries, but this difference is converging all the time. The concept of investing in a more responsible and sustainable manner is drawing in some of the world’s leading investors and, with it, regulations and policies are developing at the highest levels. However, the market is not getting what it needs to fully submit to the concept of responsible investing. It has called for more to be done from those tasked with injecting information into their processes, and two industries in particular have been identified as being natural partners. It has been suggested that they are on a collision course to serve the mainstream investor, and in this book, that collision course is contextualised, explained, presented, and finally its outcome predicted. Daniel Cash is Lecturer at Aston University. He has published exclusively on the credit rating sector and has authored a number of books, edited collections, and articles on the subject.

Rating agencies (Finance) --- Credit bureaus. --- Finance --- Environmental aspects. --- Funding --- Funds --- Economics --- Currency question --- Credit --- Credit information services --- Credit reporting agencies --- Mercantile agencies --- Agencies, Rating (Finance) --- Rating services (Finance) --- Financial services industry --- Information services --- Financial services industry. --- Economic development. --- Financial Services. --- Economic Development, Innovation and Growth. --- Development, Economic --- Economic growth --- Growth, Economic --- Economic policy --- Statics and dynamics (Social sciences) --- Development economics --- Resource curse --- Services, Financial --- Service industries

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This book provides the first in-depth analysis of the economics and regulation of financial privacy. It is an international comparison of credit reporting systems in the United States and in European countries. On the theoretical level the book explains competition in information markets, especially in markets for goods made of highly personal and sensitive information. It reviews the microeconomics of information and privacy and discusses the economic incentives to disclose or to conceal information. The book also focuses on the institutions of credit reporting, the history of credit reporting agencies and the regulation of privacy and credit reporting on both sides of the Atlantic as well as internationally. Finally, on the empirical level, it reviews the microeconomic and potential macroeconomic effects of credit reporting in the credit markets of countries around the world.

Credit bureaus. --- Credit ratings. --- Commercial ratings --- Credit checks --- Credit guides --- Credit investigations --- Credit reports --- Ratings, Credit --- Credit --- Credit information services --- Credit reporting agencies --- Mercantile agencies --- Information services --- Human rights --- Private finance --- International finance --- Financial law --- European Union --- United States --- Economic policy. --- Macroeconomics. --- Law and economics. --- Public finance. --- Economic Policy. --- Macroeconomics/Monetary Economics//Financial Economics. --- Law and Economics. --- Financial Law/Fiscal Law. --- Cameralistics --- Public finance --- Currency question --- Economics and jurisprudence --- Economics and law --- Jurisprudence and economics --- Economics --- Jurisprudence --- Economic nationalism --- Economic planning --- National planning --- State planning --- Planning --- National security --- Social policy --- Public finances --- United States of America

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Credit rating agencies face a difficult trade-off between delivering both accurate and stable ratings. In particular, its users have consistently expressed a preference for rating stability, driven by the transactions costs induced by trading when ratings change frequently. Rating agencies generally assign ratings on a through-the-cycle basis whereas banks' internal valuations are often based on a point-in-time performance, that is they are related to the current value of the rated entity's or instrument's underlying assets. This paper compares the two approaches and assesses their impact on rating stability and accuracy. We find that while through-the-cycle ratings are initially more stable, they are prone to rating cliff effects and also suffer from inferior performance in predicting future defaults. This is because they are typically smooth and delay rating changes. Using a through-the-crisis methodology that uses a more stringent stress test goes halfway toward mitigating cliff effects, but is still prone to discretionary rating change delays.

Credit ratings --- Credit bureaus --- Credit --- Credit information services --- Credit reporting agencies --- Mercantile agencies --- Commercial ratings --- Credit checks --- Credit guides --- Credit investigations --- Credit reports --- Ratings, Credit --- Evaluation --- Information services --- E-books --- Credit bureaus. --- Evaluation. --- Banks and Banking --- Exports and Imports --- Financial Risk Management --- Money and Monetary Policy --- Personal Finance -Taxation --- Financial Institutions and Services: General --- Investment Banking --- Venture Capital --- Brokerage --- Ratings and Ratings Agencies --- Financial Institutions and Services: Government Policy and Regulation --- Personal Income and Other Nonbusiness Taxes and Subsidies --- Monetary Policy, Central Banking, and the Supply of Money and Credit: General --- International Financial Markets --- International Lending and Debt Problems --- Financing Policy --- Financial Risk and Risk Management --- Capital and Ownership Structure --- Value of Firms --- Goodwill --- Public finance & taxation --- Monetary economics --- Finance --- International economics --- Financial services law & regulation --- Personal income tax --- Asset valuation --- Debt default --- Credit risk --- Income tax --- Asset-liability management --- Debts, External --- Financial risk management