日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

US EUROPE AFRICA ASIA 中文
Business / Markets

Upstart credit firm challenges status quo

By Zheng Yangpeng and Zhu Wenqian (China Daily) Updated: 2014-06-24 07:07

Dagong part of effort to achieve 'fairer' ratings, especially in Asia

Global ratings agency Universal Credit Rating Group launched its international advisory council with some high-profile names on Monday, aiming to establish what it said would be a fairer credit rating system to challenge the status quo.

Marking its first anniversary, the Hong Kong-based UCRG announced its advisory council, which is chaired by Dominique de Villepin, former French prime minister, and with members including Kevin Rudd, former Australian PM, Shaukat Aziz, former Pakistani PM, and Igor Ivanov, former Russian foreign minister.

The council released its Action Manifesto for 2015-20, which promotes the coexistence of the "old" and "emerging" credit systems and calls for the "balanced development" of the international credit ratings system.

Currently, three major United States-based ratings agencies - Standard & Poor's Financial Services LLC, Moody's Investors Service and Fitch Ratings Inc - dominate the global credit rating market, with a combined share of about 96 percent.

The "big three" were widely criticized for having given their highest ratings to the debt instruments, including subprime mortgages, whose failure helped spark the global financial crisis in 2008.

Discontent with the "big three" was the inspiration for the founding of UCRG, a consortium comprised of Dagong Global Credit Rating Co Ltd of China, Egan-Jones Ratings Co of the United States and RusRating of Russia.

Dagong - the major financial backer of the UCRG - remains far less prominent than its Western competitors, although it has begun making a splash in international media.

It hit the headlines in August 2011 when it cut its main rating for US sovereign debt from A+ to A, with a negative outlook, after a standoff over Washington's debt ceiling that led to fears of a potential US default.

The Action Manifesto vowed to build a pool of more than 2,000 international credit scholars by 2020.

The new system aims to make risk assessment a significant part of a credit rating.

"It (risk assessment) decides what's risky and what's not. That's to say, it decides where the money should go and where not," de Villepin said at Monday's event.

Upstart credit firm challenges status quo Upstart credit firm challenges status quo
China's top 10 cities for salaries

Graduates pick work instead of taking advanced degrees

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
...
主站蜘蛛池模板: 黄色一二三区 | 男插女青青影院 | 欧美日韩在线网站 | 插妹妹av | 美国黄色网 | 国产精品视频在线播放 | 欧洲一级视频 | 亚洲在线 | 亚洲理论在线 | 欧美h视频 | 日韩毛片基地 | 中文字幕第一区综合 | xxx毛片| 久久精品片 | 亚洲v在线观看 | 久久成人精品 | 一级片观看 | 亚洲精品18在线观看 | 在线免费观看不卡av | av新天堂| 999国产精品视频 | 99一区二区三区 | 久久久久久久久免费 | 99极品视频 | 欧美日韩在线视频免费播放 | 国产中文av在线 | 精品视频在线播放 | 手机看片日韩在线 | 特级大胆西西4444人体 | 黄色91免费 | 欧美成人免费 | 涩五月婷婷 | 中国大陆高清aⅴ毛片 | 久久久久激情 | 成人欧美一区 | 怡春院在线视频 | 成人小视频免费观看 | 理论片国产 | 午夜快播 | 激情视频一区二区 | 午夜影视福利 |