The role of credit rating agencies in the global financial system and the associated problems

A critical analysis based on the example of the subprime mortgage crisis


Seminar Paper, 2019

16 Pages


Excerpt


Contents

1. Introduction

2. Background on credit rating agencies
2.1 The role of ratings in the financial system
2.2 The rating process

3. Problems with CRAs
3.1 General criticism
3.2 The market of CRAs
3.3 Who pays the rating?
3.4 Consulting
3.5 Lack of accountability

4. The subprime mortgage crisis
4.1 The formation of the bubble
4.2 Conversion from mortgages into CDO's
4.3 The role of the CRAs in subprime mortgage crisis

5. Conclusion

Excerpt out of 16 pages

Details

Title
The role of credit rating agencies in the global financial system and the associated problems
Subtitle
A critical analysis based on the example of the subprime mortgage crisis
Author
Year
2019
Pages
16
Catalog Number
V494202
ISBN (eBook)
9783668993914
ISBN (Book)
9783668993921
Language
English
Keywords
Credit rating agencies, subprime crisis, regulation, conflict of interest
Quote paper
Jan Pohlmann (Author), 2019, The role of credit rating agencies in the global financial system and the associated problems, Munich, GRIN Verlag, https://www.grin.com/document/494202

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