Groups Urge Buy Side to Reduce Reliance on Rating Agencies

The recommendations, published jointly by the European Fund and Asset Management Association, Investment Management Association and European Securitisation Forum, reflect industry best practices for the data required to properly evaluate risk in complex credit products.

Although calling for improved disclosures from rating agencies and issuers to provide adequate information for investors to perform their own risk analysis, the guidelines say that the ultimate responsibility should always lie wit

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