Dissertation > Political, legal > Legal > Chinese law > Financial Law > Securities and Management Act

The process of asset securitization of credit rating agencies related to the improvement of legal norms

Author KeXin
Tutor LuoPeiXin
School East China University of Political Science
Course Economic Law
Keywords Asset Securitization Credit Rating Credit rating agencies
CLC D922.287
Type Master's thesis
Year 2010
Downloads 233
Quotes 1
Download Dissertation

Credit rating is investors into the stock market , in order to reduce information asymmetry and systemic risks necessary for an \market development play a key role . However, credit rating agencies on the one hand naturally win the public's trust in its unreserved , partly because this particular agency attributes , but also openly circumvent a lot of legal responsibility. Subprime mortgage crisis in the United States under this weapon of the securities regulatory body is finally surfaced , became the most should be subject to supervision of the \In the post-crisis era , has just learned to walk as China's securities industry , we must obsessed with the dream of Wall Street financial myths awakened and began to study how the problem was found from the crisis . \trend in the ascendant , the possible trouble. Firstly, through the analysis of asset securitization in the scope of the concept of credit rating agencies , revealing credit rating in the process of asset securitization significance and analyze credit rating agencies in the subprime mortgage crisis, the role of rating services that it provides really problematic such as early warning function completely lost rating , the rating conclusion capricious , conflicts of interest to the loss of an objective stance , etc., is formed by the subprime crisis boosters . Secondly, in the domestic and international credit rating agencies based on the comparison of the regulatory regime , summed up the development process of the existing regulatory regime and existing problems , combined with the subprime mortgage crisis in the direction of reform countries put forward our regulatory system should take to strengthen supervision , maintenance, development of sovereignty path . Finally , the implementation of the credit rating agency issues related to the improvement of legal norms , proposed the establishment of a unified legal system for credit rating , modify existing laws and regulations in order to reduce legal conflicts , unified regulatory authorities and other legislative proposals. Also emphasized in the legislation should be strengthened civil damages in the credit rating agencies assume liability aspects of the applicable drawing on the basic economic law rules to ensure competitiveness of the industry .

Related Dissertations
More Dissertations