Republicans Immunize Rating Agencies from Accountability in Financial Choice Act

Vaccine

Republicans Immunize Rating Agencies from Accountability in Financial Choice Act No government regulation will ever apply to any rating agency that the government regulates, according to the Financial Choice Act. Continue ReadingRepublicans Immunize Rating Agencies from Accountability in Financial Choice Act

Efficient, commonsense actions to foster accurate credit ratings

Efficient, commonsense actions to foster accurate credit ratings   This blog article summarizes a recent article published in Capital Markets Law Journal. Reference: Norbert J. Gaillard and William J. Harrington, Continue ReadingEfficient, commonsense actions to foster accurate credit ratings

When Sovereigns Go Bankrupt

This article summarizes the book “When Sovereigns Go Bankrupt” (Gaillard 2014), which provides a fresh analysis of how to cope with sovereign risk in the context of a rising likelihood Continue ReadingWhen Sovereigns Go Bankrupt

Eurozone, Sovereign Ratings and Bond Yields

This column explains how and why sovereign ratings and bond yields failed to anticipate the Eurozone debt crisis. It also argues that, paradoxically, sovereign ratings are now valuable risk indicators Continue ReadingEurozone, Sovereign Ratings and Bond Yields

Government Credit Crisis Over – So Where are the Upgrades

The sovereign and municipal debt crisis of the early 2010s is finished. Overblown predictions of a credit meltdown among European sovereigns, US states and cities, and other advanced economy governments Continue ReadingGovernment Credit Crisis Over – So Where are the Upgrades