The independence of credit rating agencies: how business models and regulators interact
Saved in:
| Main Author: | |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
Amsterdam [u.a.]
Elsevier
2014
|
| Edition: | 1. ed. |
| Subjects: | |
| Online Access: | Inhaltsverzeichnis |
| Physical Description: | XXII, 177 S. graph. Darst. 23 cm |
| ISBN: | 9780124045699 |
Staff View
MARC
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| 245 | 1 | 0 | |a The independence of credit rating agencies |b how business models and regulators interact |c Gianluca Mattarocci |
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Record in the Search Index
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Titel: The independence of credit rating agencies
Autor: Mattarocci, Gianluca
Jahr: 2014
Contents
Foreword ix
Acknowledgements xi
List of Tables xiii
List of Figures xv
Introduction xvii
1 Rating Agencies and the Rating Service 1
1.1 Introduction 1
1.2 The Rating Service 2
1.3 Rating Service Users 11
1.4 Conclusions 16
2 Rating and Financial Markets 17
2.1 Introduction 17
2.2 The Impact of New Ratings on Issuers and Issues 18
2.3 The Impact of Rating Changes on Issuers and Issues 19
2.4 Regulation in the Rating Sector 21
2.5 The Great Financial Crisis and the Role of Rating Agencies 24
2.6 Conclusions 30
3 The Rating Market 31
3.1 Introduction 31
3.2 History of the Rating Industry 32
3.3 Entry Barriers for Newcomers 34
3.4 The Current Rating Market 35
3.5 The Evolution of Competition in the Rating Market 37
3.6 Conclusion 46
4 Economic and Financial Equilibrium of Rating Agencies 47
4.1 Introduction 47
4.2 Balance Sheet 49
4.3 Income Statement 53
4.4 Cash Flow Statement 60
4.5 Conclusions 65
5 Rating Agencies' Pricing Policies 67
5.1 Introduction 67
5.2 Pricing Policies for Information Providers and Rating Agencies. 68
viii Contents
5.3 Rating Agency Fees 69
5.4 Issuer and User Fee Models 70
5.5 Pricing Policies for Issuer and User Fee Models 75
5.6 Conclusions 80
6 Organizational Structure and Rating Agency Independence 81
6.1 Introduction 81
6.2 Ethical Codes 81
6.3 Information Flows and Monitoring Methods 82
6.4 Legal Status and Ownership Concentration 88
6.5 Group Affiliation 90
6.6 Public Intervention 96
6.7 Conclusions 99
7 The Economic Independence of Rating Agencies 101
7.1 Introduction 101
7.2 Customer Relationships for Rating Agencies 102
7.3 Measuring Economic Independence of Rating Agencies 108
7.4 Measuring Portfolio Concentration for Rating Agencies 110
7.5 Conclusions 119
Conclusions 121
Appendix 125
References 161
Index 173 |
| any_adam_object | 1 |
| author | Mattarocci, Gianluca 1978- |
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| dewey-hundreds | 300 - Social sciences |
| dewey-ones | 332 - Financial economics |
| dewey-raw | 332.7 |
| dewey-search | 332.7 |
| dewey-sort | 3332.7 |
| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| edition | 1. ed. |
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| indexdate | 2025-03-08T05:00:26Z |
| institution | BVB |
| isbn | 9780124045699 |
| language | English |
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| physical | XXII, 177 S. graph. Darst. 23 cm |
| publishDate | 2014 |
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| spelling | Mattarocci, Gianluca 1978- Verfasser (DE-588)1034583778 aut The independence of credit rating agencies how business models and regulators interact Gianluca Mattarocci 1. ed. Amsterdam [u.a.] Elsevier 2014 XXII, 177 S. graph. Darst. 23 cm txt rdacontent n rdamedia nc rdacarrier Credit bureaus Kreditmarkt (DE-588)4073788-3 gnd rswk-swf Regulierung (DE-588)4201190-5 gnd rswk-swf Ratingagentur (DE-588)4276573-0 gnd rswk-swf Kreditmarkt (DE-588)4073788-3 s Regulierung (DE-588)4201190-5 s Ratingagentur (DE-588)4276573-0 s b DE-604 HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=027137579&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Mattarocci, Gianluca 1978- The independence of credit rating agencies how business models and regulators interact Credit bureaus Kreditmarkt (DE-588)4073788-3 gnd Regulierung (DE-588)4201190-5 gnd Ratingagentur (DE-588)4276573-0 gnd |
| subject_GND | (DE-588)4073788-3 (DE-588)4201190-5 (DE-588)4276573-0 |
| title | The independence of credit rating agencies how business models and regulators interact |
| title_auth | The independence of credit rating agencies how business models and regulators interact |
| title_exact_search | The independence of credit rating agencies how business models and regulators interact |
| title_full | The independence of credit rating agencies how business models and regulators interact Gianluca Mattarocci |
| title_fullStr | The independence of credit rating agencies how business models and regulators interact Gianluca Mattarocci |
| title_full_unstemmed | The independence of credit rating agencies how business models and regulators interact Gianluca Mattarocci |
| title_short | The independence of credit rating agencies |
| title_sort | the independence of credit rating agencies how business models and regulators interact |
| title_sub | how business models and regulators interact |
| topic | Credit bureaus Kreditmarkt (DE-588)4073788-3 gnd Regulierung (DE-588)4201190-5 gnd Ratingagentur (DE-588)4276573-0 gnd |
| topic_facet | Credit bureaus Kreditmarkt Regulierung Ratingagentur |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=027137579&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
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