The Research On Expert Liability Of Credit Rating Agencies

The credit rating agencies are regard as “the gatekeeper” to the financial market,and they are independent,objective and specialized.In 2008,the credit rating agencies played a terrible performance in the financial crisis,a succession of credit agencies scandal has undermined the equity and reputation of its profession.From the point of view of setting up,the credit rating agencies are companies;from the perspective of the function of credit rating agencies,they are the financial intermediaries and regulators;and when we talk about the liability problem,the credit rating agencies should not be attributed to the press and publishing institutions,and shall be the expert.In theory and in law practice,the author would come to the conclusion that holding credit rating agencies liable for its expert liability is feasible.Regarding the defects of the current regulations,the credit rating agencies should establish its specific industrial standard and law on the premise of BE a expert.To establish a unified regulatory laws and industrial standards,and the credit rating agency experts liability shall be pursued in order to perfect our country's credit rating agency legal liability system.