US Financial Crisis: Effects on Global Banking
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Code : ECC0008
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Region : US |
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Introduction: The international financial market is expanding widely with the emergence of innovative financial instruments. The growing demand for the assessment of several debt instruments, which are incomprehensible for an average investor, led to increasing role ofCreditRatingAgencies (CRAs). These agencies assist the investors by their opinions through grades, bywhich the potential investors can judge the performance of the instruments. Though, the grades aremere suggestive in nature, they influence the investment decisions to a great level. CRAs played a prominent role in the US debacle, as they assessedmany structured finance products of various companies – investment banks and insurance groups... |
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