Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-06-06-Speech-1-202-000"

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"en.20110606.21.1-202-000"2
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"Mr President, in the wake of the financial meltdown, the credit rating agencies, which assess financial product safety, were criticised for their unprofessional and self-serving ratings of financial products. Doubts arose over the fairness and professionalism of their evaluations after the transparency of their operating mechanisms was found to be wanting, and it is therefore time we looked for ways to improve the system for the constant assessment and rating of financial products. In this light, I consider the report submitted by the rapporteur to be very important, and I think that the processes he has outlined will enable us to modify the apparatus used to assess financial products so that the conclusions that are offered, either by rating agencies or by other mechanisms, will result in more objective ratings of financial products."@en1
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