Procedure

Credit rating agencies

2008/0217(COD)·6th term·ECON / JURI·COD - Ordinary legislative procedure (ex-codecision procedure)·CompletedProcedure completed
Rapporteur (the Member appointed to lead Parliament's work on this text): GAUZÈS Jean-Paul (PPE-DE)
Summary

This legislative dossier establishes rules on credit rating agencies. Amendments revise recitals on ratings used by investors, borrowers, issuers and governments, the location of agencies outside the Community, the use of third-country ratings through an endorsement or equivalence regime, and the agencies' failure to reflect worsening market conditions, with some treating sovereign debt rating as a public good and a possible European public rating agency.

Procedure timeline

  1. Committee amendments tabled
    17 Feb 2009 – 18 Feb 2009
  2. Procedure completed
375
Amendments
distinct, in window
19
Members
tabled at least one
2
Committee(s)
17 Feb 2009 – 18 Feb 2009
Dates