Don't Try to Fix the Rating-Agency Model: Get Rid of It [View article]
One small problem, Basle II. After 5 years of negotiating and another 5 years of implentation, you can't get away from the fact that ratings underpin the whole concept of bank regulatory capital. Bring on Basle III (2018?)
Don't Try to Fix the Rating-Agency Model: Get Rid of It [View article]