Ratings interest conflicts
At a break-out session, it was suggested that ratings agencies have 'an inherent conflict of interes...
At a break-out session, it was suggested that ratings agencies have 'an inherent conflict of interests and are faced with the challenge of managing them'. This was according to Peter Hughes, vice-president of the corporate and governance practice at Standard & Poor's. Hughes added that the perception is of agencies basing ratings on data-driven analysis when in fact they use a qualitative methodology to measure risk appetite.
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