Uncovering Credit Rating Agencies. A Critical Legal Analysis for Reform


Essay, 2024

23 Pages


Abstract or Introduction

Credit Rating Agencies (CRAs) remain pivotal gatekeepers in the financial system, yet their methodologies, conflicts of interest, and data security vulnerabilities have repeatedly sparked legal and regulatory challenges. This article, encompassing ten case studies including the global financial crisis, delves into these complexities. Beyond dissecting these legal battles, it examines the impact of evolving technologies like AI, blockchain, and Explainable Artificial Intelligence (XAI) on the CRA landscape. Exploring the European Union's General Data Protection Regulation (GDPR) and Central Bank Digital Currencies (CBDCs), the analysis navigates the intricate dance between innovation, legal compliance, and ethical considerations. It proposes a multi-pronged approach: fostering responsible practices, promoting competition, embracing risk-based regulation, and prioritizing data transparency and standardization. This multifaceted strategy aims to build a robust and resilient CRA ecosystem that upholds legal frameworks, safeguards consumer privacy, and fosters an inclusive financial future.

Details

Title
Uncovering Credit Rating Agencies. A Critical Legal Analysis for Reform
Author
Year
2024
Pages
23
Catalog Number
V1448815
ISBN (eBook)
9783963556333
ISBN (Book)
9783963556340
Language
English
Keywords
Credit Rating, Agencies, CRAs, Moody's, S&P, Fitch, Ratings, Financial Law, Economic Law
Quote paper
Ahmad Swaiss (Author), 2024, Uncovering Credit Rating Agencies. A Critical Legal Analysis for Reform, Munich, GRIN Verlag, https://www.grin.com/document/1448815

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