IOSCO looks at oversight of credit rating agencies

07/31/2013 | Bloomberg Businessweek

The International Organization of Securities Commissions has recommended creating a college to improve oversight of credit rating agencies. The college would facilitate information sharing about the agencies. "The dispersion of internationally active [credit rating agency] affiliates worldwide poses a challenge to supervisors, as their perspective may be limited to the [credit rating agency] activities in their jurisdiction," according to IOSCO.

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