international financial law

international financial law

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‘Of primary concern is that there is a clear tension between, on the one hand, the expectation that investors conduct their own due diligence and not rely on credit ratings alone in making their assessment of credit worthiness and, on the other hand, nevertheless providing them with a right to claim damages from the rating agency if, for example, it does not conduct a thorough analysis or fails to follow its rating methodology’

Harry Edwards, Herbert Smith Freehills LLP, ‘CRA 3 and the liability of rating agencies: inconsistent messages from the regulation on credit rating agencies in Europe’ [2013] Law and Financial Markets Review 189

With reference to the above statement, critically evaluate CRA 3 (Regulation (EU) No 462/2013) and whether it is likely to achieve its objectives.

OSCOLA REFRENCE only Please do bibliography properly , seperate the case , books , journals , articles , webs etc

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