Free Trial

Stricter regulations on rating..........>

CHINA PRESS
MNI (Beijing)
CHINA PRESS: Stricter regulations on rating agencies released by the PBOC and
the securities watchdog this week will promote help healthier development of the
bond market and the rating industry, Financial News, a PBOC newspaper, said in a
commentary. The new rules should bridge regulatory differences between interbank
bond markets and bond exchanges, the newspaper said. It will also encourage
mergers between rating organizations under same ownership, increase scrutiny of
the rating agencies, and bring their professional levels up to par with
international bond rating firms, Financial News said.
***Comment: Regulators have increased pressure on bond agencies to improve their
level of professionalism after several cases of bond defaults exposed many bond
raters' subpar standard.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.