National Repository of Grey Literature 2 records found  Search took 0.01 seconds. 
The analysis of the benefits of the European Rating Agency
Vaňková, Jana ; Titze, Miroslav (advisor) ; Šimíček, Petr (referee)
The main aim of this diploma thesis is to analyze benefits of the establishment of the European Rating Agency. The partial aim is to determine the influence of the credit ratings on economics situation in selected European countries and to analyze problems of current credit rating industry. A slight impact of the credit ratings on the observed countries has been found by way of the analysis of evolution of the yields of ten-year government bonds and the prices of CDS contracts on these bonds. Non-perfect competition, weak transparency of the rating process and conflict of interest are considered as the most important problems of the credit rating agencies. By way of the analysis of the ability of the European Rating Agency to remove or at least to partially eliminate discussed problems has been found that the European Rating Agency would not be able to remove all problems of the credit rating industry. The uncertainty about the independence of the European Rating Agency is the biggest weakness of this agency. For this reason, we can't expect that the European Rating Agency would be able to make the credit rating process more efficient and improve the situation in the credit rating industry.
Regulator´s response to the crisis – European rating agency
Brůha, Vojtěch ; Blahová, Naděžda (advisor) ; Brada, Jaroslav (referee)
Bachelor thesis follows the development of European regulation of the rating market and other important milestones for this market. Each point is elaborated with causality and criticized. The main emphasis is on analyzing the current project of the European rating agency. In addition to introduction and evaluation the specifics of the project the thesis provides conclusions regarding the validity and usefulness based on consultation with the portfolio managers of Czech banks and insurance companies.

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