The nature of risk: Credit agencies and light regulation – building a market code

Abstract

The author, a technical officer at the Association of Corporate Treasurers, describes the growth in the power of the rating agencies and explains the background and content of the new code which has been proposed to cover their activities in both the UK and the US.

Citation

O’Donovan, M. (2004), "The nature of risk: Credit agencies and light regulation – building a market code", Balance Sheet, Vol. 12 No. 5, pp. 38-41. https://doi.org/10.1108/09657960410563577