In the end, exceptionally strict credit rating legislation may limit usage of credit while increasing the borrowing prices for consumers
The failure that is regulatory these areas over the EU results most importantly through the not enough adequate consumer security criteria and enforcement failings during the Member State level. During the time that is same close attention is necessary to the role regarding the EU in ensuring such security, provided its harmonization efforts of this type therefore the major of reckless financing throughout the Union into the post-crisis duration.
Even though the 2008 credit rating Directive is designed to attain a higher degree of consumer security against reckless financing, it really is very dubious if it is well prepared to appreciate this goal within an increasingly electronic financing environment. Continue reading Thus far, regulatory interventions into the credit rating markets never have for ages been in a position to deal with these issues and also to make sure accountable financing