Cossiom Survey Calls for Regs to Boost Ratings Competition

Damian Burleigh, head of sales and client services, EMEA, McGraw-Hill Financial

French buy-side and sell-side firms want regulators to force rating agencies to engage in more active competition to deliver more value, according to a recent survey by French market data user group Cossiom (Commission des Services et Systèmes d’Informations Destines aux Opérateurs de Marchés) of its members.

The survey of 80 data professionals at banks and asset managers, conducted earlier this year, reveals overwhelming unhappiness with rating agencies, with almost two-thirds of respondents de