The Committee of European Securities Regulators (CESR) has recommended that the credit rating agencies should not be regulated by the European Commission for the time being, a view CF espoused in its October 2004 cover story.
After seven months of considering the evidence, CESR has announced that in its view rating agencies should be given time to see how they comply with the IOSCO Code Fundamentals for Credit Rating Agencies before the decision on regulation is taken.
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