University of Sussex
Browse

File(s) not publicly available

The politics of regulating credit rating agencies in the European Union

report
posted on 2023-06-07, 23:46 authored by Lucia Quaglia
Why did the European Union (EU) decide to regulate Credit Rating Agencies (CRAs), instead of relying on the revised rules agreed at the international level and the revised US law to which the main CRAs operating in the EU but headquartered in the US were subject to? This research addresses this key question concerning the multi-level governance of financial services using a 'soft' rational choice institutionalist framework. It is argued that the global financial crisis, acting as an exogenous shock, triggered three causal mechanisms that led to a new institutional equilibrium within and without the EU, namely the issuing of EU rules on CRAs.

History

Publication status

  • Published

Publisher

CGPE, University of Sussex

Place of publication

Brighton

Department affiliated with

  • Politics Publications

Notes

CGPE Working Paper No 5

Institution

University of Sussex

Full text available

  • No

Peer reviewed?

  • No

Legacy Posted Date

2012-02-06

Usage metrics

    University of Sussex (Publications)

    Categories

    No categories selected

    Exports

    RefWorks
    BibTeX
    Ref. manager
    Endnote
    DataCite
    NLM
    DC