117 Deputy Arthur Morgan asked the Minister for Finance if he will explore the role of credit rating agencies in the financial crisis; if it will be within the remit of the Financial Regulator or the Central Bank Commission to ensure the transparency of the credit rating process; if reliance on these ratings will be reduced over time in view of the fact that at the height of the boom these agencies gave high ratings to highly risky products; and if he will make a statement on the matter. [17091/10]

Summary

117 Deputy Arthur Morgan asked the Minister for Finance if he will explore the role of credit rating agencies in the financial crisis; if it will be within the remit of the Financial Regulator or the Central Bank Commission to ensure the transparency of the credit rating process; if reliance on these ratings will be reduced over time in view of the fact that at the height of the boom these agencies gave high ratings to highly risky products; and if he will make a statement on the matter. [17091/10]

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• Financial Services Regulation.

  xml · EN · 28 April 2010

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