Bloomberg News

EU Plans for Credit-Ratings Firms Include Civil-Liability Rules

October 30, 2011

Oct. 28 (Bloomberg) -- The European Commission said its proposals to lessen the EU’s reliance on credit ratings companies would also include measures on their civil liability “in cases of gross malpractice or negligence.”

The proposals will be published on Nov. 15, the Brussels- based commission said on its website today.

To contact the reporter on this story: Jim Brunsden in Brussels at jbrunsden@bloomberg.net

To contact the editor responsible for this story: Peter Chapman at pchapman10@bloomberg.net


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