중앙데일리

Curb on Credit Rating Firms

Feb 18,2001
Beginning in the second half of this year, domestic credit rating companies will need the approval of the Financial Supervisory Commission to do business.

A high ranking official at the commission said that, in a recent revision of the credit information use and protection law awaiting National Assembly endorsement, bond raters were added to its list of businesses that need to be authorized by the regulator. Assuming the revision passes, credit rating firms will join collection agencies and credit investigators in the group of businesses that need to be sanctioned by the commission.

The commission is also trying to devise a plan to improve the credit rating sector that would include a move to allow a new entrant in the market. There are now four domestic firms in the sector, with an international bond rater, Thompson Bank Watch, set to be the fifth.



dictionary dictionary | 프린트 메일로보내기 내블로그에 저장