Credit rating agencies played a significant part in the financial meltdown, failing (sometimes intentionally) to properly estimate complicated products’ risk. This column collected some working papers on the problems plaguing the industry – conflicts of interest, “shopping” for ratings, and informational issues, which concludes that regulators must reshape the agencies and their role.

One of the major factors leading to the subprime crisis was the failure of credit rating agencies’ assessments of structured finance products. What are these ratings agencies, how did they go wrong, and what can regulators do to address the problems?

Download and study what you can get from here, then you will know a little bit.


All the resources are collected by me during the three-years oversea studying.

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