The recent financial crisis has highlighted the three main problems involving credit rating agencies: lack of competition, due to the scarce importance of rating agencies in global capital markets, as well as the inability to compete, particularly in terms of regulatory standards; over-reliance on external ratings in the regulatory framework for formulating standards, laws and regulations (for example, their increasingly frequent use in determining capital requirements) as well as Central Bank reliance on external credit ratings; and, lastly, the absence of liability for credit rating agencies in relation to the ratings they provide, in which regard the report also proposes to foster the establishment of a European network of credit rating agencies.
Recenta criză financiară a evidenţiat principalele trei probleme din sectorul agenţiilor de rating de credit: În primul rând, este vorba de absenţa concurenţei, ca urmare a importanţei reduse a agenţiilor de rating pe pieţele globale de capital, precum şi a incapacităţii de a concura, mai ales în materie de standarde de reglementare.