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Forex News

2010.11.0509:04:00UTC+00Rating Agencies need to be more Transparent : Eu Internal Market Commissioner

News:

  • EU financial service chief today said that the credit rating agencies have a pivotal role in the future.
  • He added that therefore the agencies need to be more transparent about their actions.
  • He said that there could arise a conflict of interests if the agencies were not clear about their actions.

Quotes:

  • "Do we have enough agencies? You have three agencies with the market really concentrated in their hands." Internal Markets Commissioner Michel Barnier told a news conference.

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