The US Congress has agreed to raise the debt ceiling until March 2015, averting another crisis that almost four months ago threatened to trigger a default on US debt and plunge the global financial markets into chaos.
Showing posts with label global financial market. Show all posts
Showing posts with label global financial market. Show all posts
8/05/2011
Credit agencies draft law up for comment
South Africa's Treasury has released for public comment the Credit Ratings Services Bill, which seeks to regulate credit rating agencies according to international best practice, while improving investor protection and the efficiency and transparency of financial markets.
In a statement this week, the Treasury said the Bill seeks to align South Africa's regulation of credit rating agencies with international best standards and practice, including the International Organisation of Securities Commissions Principles, G-20 countries' regulation, and the European Union's equivalency requirement.
In a statement this week, the Treasury said the Bill seeks to align South Africa's regulation of credit rating agencies with international best standards and practice, including the International Organisation of Securities Commissions Principles, G-20 countries' regulation, and the European Union's equivalency requirement.
Subscribe to:
Posts (Atom)