Legal liability of U.S. securities rating agencies

Author: Sheng Shi-ping
Publisher:
Publish Date: 2005-04-01
Features: The main content of this book is the systematic summary of six major claims for holding legal liability of internationally renowned rating agencies, derived from existing U.S. case law, aimed at pursuing legal accountability. Additionally, it provides a pros and cons analysis of these claims. Furthermore, based on a systematic review of numerous cases in the field of personal credit reports, the book proposes highly operable concepts for borrowing case law rules from the personal credit report domain to hold rating agencies accountable for their dereliction of duty. This book not only fills the academic gap in the research field of legal liability of international rating agencies but also holds significant guiding significance for relevant institutions in China to respond to the legal dominance of international rating agencies during the process of globalization.