The Role of Credit Rating Agencies in Responsible Finance

1. Auflage 2018
ISBN: 978-3-030-03708-6
Verlag: Springer International Publishing

Buch, Englisch, 127 Seiten, HC runder Rücken kaschiert, Format (B × H): 153 mm x 216 mm, Gewicht: 303 g

Reihe: Palgrave Studies in Impact Finance

This Palgrave Pivot aims to examine the bourgeoning relationship between the Principles for Responsible Investment and the Credit Rating Industry. Since May of 2016, when the partnership was initially publicised, the PRI have endeavoured to incorporate Credit Rating Agencies into its initiative via its ‘ESG in Credit Ratings Initiative’, and have been working diligently to find, and create common ground between Credit Rating Agencies and Institutional Investors seeking to be more forward-looking in their investment approaches. However, in recent years the ‘Big Two’ Credit Rating Agencies – Standard & Poor’s and Moody’s – have finally received record fines for their conduct in the run-up to the Financial Crisis. There is a need, then, to examine the incorporation of the Credit Rating Agencies into such a progressive initiative. To achieve this objective, this book examines the field of ‘responsible investing’, the credit rating industry, and the power dynamic that exists betweenthe rating industry, investors, and the PRI (via its ‘Initiative’).

Zielgruppe

Research

Autoren/Hrsg.

Cash, Daniel

Fachgebiete

• Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Finanzsektor & Finanzdienstleistungen: Allgemeines
• Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Anlagen & Wertpapiere

Inhaltsverzeichnis

Chapter 1. Introduction.- Chapter 2. "Setting the Scene".- Chapter 3. The Role of the Credit Rating Agencies.- Chapter 4. "Disconnects".- Chapter 5. The Future for the Relationship.- Chapter 6. Conclusion.

Über Autor(innen)

Daniel Cash is a Lecturer in Law at Aston University. Daniel completed his PhD in Durham University in 2016, and his research is exclusively concerned with the Credit Rating Industry. He has written extensively on the subject, and is the author of a number of articles and Regulation and the Credit Rating Agencies: Restraining Ancillary Services.