Rolf Breuer, speaker of Deutsche Bank, Werner Seifert, chairman of the Deutsche Börse (German stock exchange), and McKinsey partner Klaus Droste (shortly to join Deutsche Bank) are the chief protagonists in a drama to create a pan-European rating agency, with the help of German publisher Bertelsmann. The aim is to end the Anglo-Saxon duopoly of Moody’s and Standard & Poor’s in Europe.
Whether the result will be pan-European or just German is open to debate, since other European countries and shareholders aren’t involved at this stage.
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