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  • Перспективные направления развития законодательства, регулирующего деятельность кредитных рейтинговых агентств

Article

Перспективные направления развития законодательства, регулирующего деятельность кредитных рейтинговых агентств

Закон. 2017. № 2. С. 121-138.

The author offers a series of complex proposals for the development of regulation of credit rating agencies (CRA) in Russia, taking into account the high degree of monopolisation of the relevant markets, analysing relevant EU and US regulations, new Russian law as well as first Russian Central Bank’s regulations implementing the latter. The author focuses on such groups of questions as: prohibited and manageable conflicts of interest; prices oversight; permissible activities for credit rating agencies; fair competition, entry of new players into the market and the prevention of monopolisation of the market; oversight CRA and other financial markets institutions salaries; supervision fees; peculiarities of sovereign ratings; sanctions applied to the CRA. According to the author, international cooperation of the regulators of CRA markets as well as competition authorities of the BRICS countries will help to restart the CRA market in the direction of ensuring the integrity and transparency of their work.