| Journal Call no. | HG1302.Q37 |
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| Author | Carse, David. |
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| Article Title | Regulators and the rating agencies / David Carse. |
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| Is Part Of | Quarterly bulletin / Hong Kong Monetary Authority ; no.7, May 1996, p.43-46. |
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| Abstract | Rating agencies are beginning to play a more prominent role in the region and it is important that they exercise their power responsibly and with restraint. The Hong Kong Monetary Authority (HKMA) has reservations about the practice of rating agencies' assigning unsolicited ratings to banks since if the rating turns out to be a poor one, this can make it look as if the banks is being penalised for failure to communicate. But the HKMA has no plans to regulate credit rating agencies in Hong Kong. |
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