European Parliament votes through credit-rating agency changes16/01/2013 - 15:46:36
The European Parliament has voted through tougher transparency standards for credit rating agencies.
Many commentators blame the agencies for stoking risk and deepening the eurozone debt crisis.
Under the new regulations, agencies such as Standard & Poor's, Moody's and Fitch, will have to be much more open in their deliberations, and could face legal proceedings if found at fault in their work.
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