信用评级利益冲突行为及其规制策略

信用评级机构的利益冲突行为会影响评级独立性,致使评级结果准确性较差。收费模式偏差、评级机构治理管理存在缺陷,法律责任追究不力、监管不当和市场声誉机制缺乏约束力等是问题的主要原因。国际金融危机以来,国际社会制定了许多措施以规制评级利益冲突行为。为达到好的效果,规制策略应具有系统性,涉及修正收费模式、建立法律责任追究机制、加强监管等一系列内容。

Interest Conflict Behavior in Credit Rating and Its Regulatory Strategy

Credit rating agencies' interest conflict behavior would affect the independence of ratings and lead to poor accuracy of ratings.The problem mainly dues to charging errors of ratings,governance and management defects of rating agencies,improper legal accountability,improper supervision and the lack of constraints from reputation mechanism.Since the international financial crisis,the international society has developed a number of measures to regulate this behavior.In order to achieve better results,the regu...