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Mon 06 Jun 2008McCreevy to regulate credit rating agencies
BRUSSELS IS to unveil “targeted regulatory measures” for credit-rating agencies operating in Europe over the next few months in response to anger over their role in promoting the sale of complex structured investments.
The moves, to be outlined by Charlie McCreevy, EU internal markets commissioner, in a speech in Dublin today, are partly aimed at addressing potential conflicts of interest in the rating agencies’ business model.
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