Zmiany na rynku ratingu finansowego wywołane globalnym kryzysem finansowym

• Authors: Trojak Mariusz , Szyszko Alicja

Title variants

EN

Changes in the Credit Rating Market Caused by the Global Financial Crisis

• Languages of publication: PL

Abstracts

PL

Niniejsze opracowanie ma następująca strukturę. W pierwszej części zaprezentowano ewolucję modelu biznesowego agencjo ratingowych wraz z przedstawieniem struktury rynku ratingu. W drugiej części dokonano krytycznej analizy ich działalności ze szczególnym uwzględnieniem potencjalnego konflikty interesów występującego w relacjach pomiędzy emitentami a agencjami ratingowymi. W ostatniej części wskazano propozycje zmian modelu biznesowego agencji ratingowych oraz dokonano przeglądu nowych regulacji agencji ratingowych w USA i w Europie.(fragment tekstu)

EN

The credit rating agencies(CRA) become important players in the financial markets. The aim of the paper is to present the evolution of the business model of these institutions which took place Turing the global financial crisis. Moreover, the authors' intention was to show the problems that were caused directly or indirectly by the CRA. Such improper behaviour of CRA lead to the loosing of trust in the credit rating process. The reactions of financial authorities in the USA and the European Union was the enforcement of regulation activities. The paper has the following structure: the first part deals with the change of the CRA business model from the "investor pays " to "issuer pays ". In the second part the criticisms of CRA was presented. The last part presents the regulation processes in the USA and EU.(original abstract)

Keywords

PL

Kryzys finansowy; Agencje ratingowe; Modele biznesowe

EN

Financial crisis; Rating agency; Business models

• Publisher: Wydawnictwo WSEI Kraków
• Journal: Zeszyty Naukowe Wyższej Szkoły Ekonomii i Informatyki w Krakowie
• Year: 2013
• Volume: 9
• Pages: 351-363

Contributors

author

Trojak Mariusz

• Uniwersytet Jagielloński w Krakowie

author

Szyszko Alicja

• Uniwersytet Ekonomiczny w Krakowie

References

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