MEPs push for stiffer credit-ratings rules

By James Crisp ( December 20, 2011, 17:29 GMT | Insight) -- Members of the European Parliament today argued for stiffer regulation of credit rating agencies as they began the decision-making process on new draft laws. They pushed for the use of EU antitrust powers against the “Big Three” credit rating agencies, dismissed European Commission plans for mandatory rotation of agencies as ineffective and called for the creation of an independent state-funded agency to boost competition in the sector.Brussels - Members of the European Parliament today argued for stiffer regulation of credit rating agencies as they began the decision-making process on new draft laws....

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