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

Abstract

Background: The motivation for this article is the observation of political and private efforts to establish an EU-based rating agency as a counterweight to the three major agencies and observe other approaches to increase competition in the rating market.

Keywords

• credit rating agencies (cras)
• ratings
• regulation
• eu-regulation
• sustaina-bility ratings
• corporate finance
• capital markets
• g24
• g28
• q56