Open Access

Market Structure Development in a Regulated Market: The Case of the EU Rating Agencies


Cite

1. Autorité des marches financiers (AMF), Autoriteit Financiële Markten (AFM) (Eds.) (2020), “Position Paper: Call for a European Regulation for the provision of ESG data, ratings, and related services”, available at https://www.amf-france.org/fr/sites/default/files/pri-vate/2020-12/amf-afm-position-paper-call-for-a-european-regulation-for-providers-of-esg-data-ratings-and-related-services.pdf [17 December 2020] Search in Google Scholar

2. Basel Committee on Banking Supervision (BCBS) (Ed.) (2004), “International Convergence of Capital Measurement and Capital Standards”, Basel. Search in Google Scholar

3. Beck, H., Wienert, H. (2010), “Brauchen wir eine europäische Rating-Agentur?, Funktions-probleme des Rating-Marktes und ein alternativer Lösungsvorschlag“, Wirtschaftsdienst, No. 7, pp. 464-469.10.1007/s10273-010-1098-1 Search in Google Scholar

4. Blaurock, U. (2012), “Regelbildung und Grenzen des Rechts – Das Beispiel der Finanzkrise“, JuristenZeitung (JZ), Vol. 67 No. 5, pp. 226-234.10.1628/002268812799818658 Search in Google Scholar

5. Blaurock, U. (2013), “Neuer Regulierungsrahmen für Ratingagenturen“, Europäische Zeit-schrift für Wirtschaftsrecht (EuZW), No. 16, pp. 608-611. Search in Google Scholar

6. Brieger, S. (2012), Ratingagenturen in der Krise, Reformvorschläge für ein stabiles Finanzsys-tem, Metropolis, Marburg. Search in Google Scholar

7. Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) (Ed.) (2014), “Strukturierte Finanzpro-dukte: Preistransparenz für mehr Anlegerschutz“, available at https://www.bafin.de/dok/7868566 (24 November 2020) Search in Google Scholar

8. Deipenbrock, G. (2010), “Das europäische Modell einer Regulierung von Ratingagenturen – aktuelle praxisrelevante Rechtsfragen und Entwicklungen“, Recht der internationalen Wirt-schaft (RIW), No. 9, pp. 612-618. Search in Google Scholar

9. Dow, J. (2020), “Contribution to ESG Trends in Credit, Fitch Ratings ESG Outlook Conference, virtual conference, London”, available at https://events.fitchratings.com/esgoutlookcon-ference (10 January 2021) Search in Google Scholar

10. European Commission (Ed.) (2019), The European Green Deal, COM (2019) 640 final, Brussels. Search in Google Scholar

11. European Securities and Markets Authority (ESMA) (ed.) (2013-2020), Report on CRA Market Share Calculation, Paris. Search in Google Scholar

12. European Union (2009), Regulation (EC) No 1060/2009 of the European Parliament and of the Council of 16 September 2009 on credit rating agencies, Official Journal of the European Union of 17.11.2009, Official Journal L 302, Luxemburg. Search in Google Scholar

13. European Union (2012), Commission Delegated Regulation (EU) No 449/2012 of 21 March 2012 supplementing Regulation (EC) No 1060/2009 of the European Parliament and of the Council with regard to regulatory technical standards on information for registration and certification of credit rating agencies, Official Journal of the European Union of 30.05.2012, Official Journal L 140, Luxemburg. Search in Google Scholar

14. European Union (2013), Regulation (EU) No 462/2013 of the European Parliament and of the Council of 21 May 2013 amending Regulation (EC) No 1060/2009 on credit rating agencies, Official Journal of the European Union of 31.05.2013, Official Journal L 146, Luxemburg. Search in Google Scholar

15. Fitch Ratings, Inc. (Ed.) (2012-2020), European Union Transparency Report 2012-2020, New York. Search in Google Scholar

16. Haar, B. (2009), “Nachhaltige Ratingqualität durch Gewinnschöpfung? – Zur Regulierung und ihrer Implementierung im Ratingsektor“, Zeitschrift für Bankrecht und Bankwirtschaft (ZBB), Vol. 21 No. 3, pp. 178-187.10.15375/zbb-2009-0301 Search in Google Scholar

17. Harold, G. (1938), Bond rating as an investment guide – an appraisal of their effectiveness, The Ronald Press, New York. Search in Google Scholar

18. Langohr, H., Langohr, P. (2008), The rating agencies and their credit ratings - What They Are, How They Work, And Why They Are Relevant, Wiley, West Sussex, England. Search in Google Scholar

19. Lerch, M. (2010), “Ratingagenturen im Visier des europäischen Gesetzgebers“, Zeitschrift für Bank- und Kapitalmarktrecht (BKR), No. 10, pp. 402-408. Search in Google Scholar

20. McGraw Hill Financial Inc., S&P Global Inc. (Eds.) (2013-2019), Annual Report 2013-2019, New York. Search in Google Scholar

21. McGraw Hill Financial Inc., S&P Global Inc. (Eds.) (2015-2019), Transparency Report 2015-2019, New York. Search in Google Scholar

22. Meeh-Bunse, G., Hermeling, A., Schomaker, S. (2014), “Ein europäisches Netzwerk kleiner Ratingagenturen“, Wertpapier-Mitteilungen - Zeitschrift für Wirtschafts- und Bankrecht, No. 31, pp. 1464-1470. Search in Google Scholar

23. Meeh-Bunse, G., Sattler, W. (2012), “Die Rating-Genossenschaft – ein Vorschlag auf der Su-che nach einer sinnvollen Ergänzung des Ratingmarkts“, Der Betrieb, No. 26/27, pp. 1449-1454. Search in Google Scholar

24. Meeh-Bunse, G., Schomaker, S. (2020), “An Analysis of the Competitive Situation on the EU Rating Market in the Context of Regulatory Requirements“, in Proceedings of the Entrenova – Enterprise Research Innovation Conference, Vol. 6, pp. 147-156. Search in Google Scholar

25. Moody’s (Ed.) (2010-2019), European Union Transparency Report 2010-2019, New York. Search in Google Scholar

26. Moody’s (Ed.) (2013-2019), Annual Report 2013-2019, New York. Search in Google Scholar

27. U.S. Credit Rating Agency (2006), Reform Act of 2006, U.S. Credit Rating Agency. Search in Google Scholar

28. U.S. Securities and Exchange Commission (SEC) (Ed.) (2003), Report on the Role and Func-tion of Credit Rating Agencies in the Operation of the Securities Markets, Washington D.C. Search in Google Scholar

29. U.S. Securities and Exchange Commission (SEC) (Ed.) (2005), Definition of Nationally Recog-nized Statistical Rating Organization, 17 CFR Part 240, [Release Nos. 33-8570; 34-51572], Washington D.C. Search in Google Scholar

30. U.S. Securities and Exchange Commission (SEC) (Ed.) (2020), Annual Report on Nationally Recognized Statistical Rating Organizations, Washington D.C. Search in Google Scholar

31. Verhey, T. (2020), “Contribution to the session “Business responses to support sustainable ac-counting, corporate reporting and governance””, available at https://ec.europa.eu/envi-ronment/biodiversity/business/news/news-260_en.htm (23 March 2021) Search in Google Scholar

eISSN:
1847-9375
Language:
English