Author: Michel Feher
Publisher: Princeton University Press
ISBN: 1942130198
Category : Political Science
Languages : en
Pages : 118
Book Description
The hegemony of finance compels a new orientation for everyone and everything: companies care more about the moods of their shareholders than about longstanding commercial success; governments subordinate citizen welfare to appeasing creditors; and individuals are concerned less with immediate income from labor than appreciation of their capital goods, skills, connections, and reputations. That firms, states, and people depend more on their ratings than on the product of their activities also changes how capitalism is resisted. For activists, the focus of grievances shifts from the extraction of profit to the conditions under which financial institutions allocate credit. While the exploitation of employees by their employers has hardly been curbed, the power of investors to select investees — to decide who and what is deemed creditworthy — has become a new site of social struggle. In clear and compelling prose, Michel Feher explains the extraordinary shift in conduct and orientation generated by financialization. Above all, he articulates the new political resistances and aspirations that investees draw from their rated agency.
Rated Agency
Author: Michel Feher
Publisher: Princeton University Press
ISBN: 1942130198
Category : Political Science
Languages : en
Pages : 118
Book Description
The hegemony of finance compels a new orientation for everyone and everything: companies care more about the moods of their shareholders than about longstanding commercial success; governments subordinate citizen welfare to appeasing creditors; and individuals are concerned less with immediate income from labor than appreciation of their capital goods, skills, connections, and reputations. That firms, states, and people depend more on their ratings than on the product of their activities also changes how capitalism is resisted. For activists, the focus of grievances shifts from the extraction of profit to the conditions under which financial institutions allocate credit. While the exploitation of employees by their employers has hardly been curbed, the power of investors to select investees — to decide who and what is deemed creditworthy — has become a new site of social struggle. In clear and compelling prose, Michel Feher explains the extraordinary shift in conduct and orientation generated by financialization. Above all, he articulates the new political resistances and aspirations that investees draw from their rated agency.
Publisher: Princeton University Press
ISBN: 1942130198
Category : Political Science
Languages : en
Pages : 118
Book Description
The hegemony of finance compels a new orientation for everyone and everything: companies care more about the moods of their shareholders than about longstanding commercial success; governments subordinate citizen welfare to appeasing creditors; and individuals are concerned less with immediate income from labor than appreciation of their capital goods, skills, connections, and reputations. That firms, states, and people depend more on their ratings than on the product of their activities also changes how capitalism is resisted. For activists, the focus of grievances shifts from the extraction of profit to the conditions under which financial institutions allocate credit. While the exploitation of employees by their employers has hardly been curbed, the power of investors to select investees — to decide who and what is deemed creditworthy — has become a new site of social struggle. In clear and compelling prose, Michel Feher explains the extraordinary shift in conduct and orientation generated by financialization. Above all, he articulates the new political resistances and aspirations that investees draw from their rated agency.
Sustainability Rating Agencies vs Credit Rating Agencies
Author: Daniel Cash
Publisher: Springer Nature
ISBN: 3030716937
Category : Business & Economics
Languages : en
Pages : 151
Book Description
This book details the difference between the two rating industries, but this difference is converging all the time. The concept of investing in a more responsible and sustainable manner is drawing in some of the world’s leading investors and, with it, regulations and policies are developing at the highest levels. However, the market is not getting what it needs to fully submit to the concept of responsible investing. It has called for more to be done from those tasked with injecting information into their processes, and two industries in particular have been identified as being natural partners. It has been suggested that they are on a collision course to serve the mainstream investor, and in this book, that collision course is contextualised, explained, presented, and finally its outcome predicted.
Publisher: Springer Nature
ISBN: 3030716937
Category : Business & Economics
Languages : en
Pages : 151
Book Description
This book details the difference between the two rating industries, but this difference is converging all the time. The concept of investing in a more responsible and sustainable manner is drawing in some of the world’s leading investors and, with it, regulations and policies are developing at the highest levels. However, the market is not getting what it needs to fully submit to the concept of responsible investing. It has called for more to be done from those tasked with injecting information into their processes, and two industries in particular have been identified as being natural partners. It has been suggested that they are on a collision course to serve the mainstream investor, and in this book, that collision course is contextualised, explained, presented, and finally its outcome predicted.
Legislative solutions for the rating agency duopoly
Author:
Publisher: DIANE Publishing
ISBN: 1422333183
Category :
Languages : en
Pages : 156
Book Description
Publisher: DIANE Publishing
ISBN: 1422333183
Category :
Languages : en
Pages : 156
Book Description
Legislative Solutions for the Rating Agency Duopoly
Author: United States. Congress. House. Committee on Financial Services. Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises
Publisher:
ISBN:
Category : Credit bureaus
Languages : en
Pages : 160
Book Description
Publisher:
ISBN:
Category : Credit bureaus
Languages : en
Pages : 160
Book Description
Credit Rating Agency Duopoly Relief Act of 2006
Author: United States. Congress. House. Committee on Financial Services
Publisher:
ISBN:
Category : Credit bureaus
Languages : en
Pages : 40
Book Description
Publisher:
ISBN:
Category : Credit bureaus
Languages : en
Pages : 40
Book Description
Securities and Exchange Commission (SEC): Action Needed to Improve Rating Agency Registration Program and PerformanceRelated Disclosures
Author:
Publisher: DIANE Publishing
ISBN: 1437940129
Category :
Languages : en
Pages : 121
Book Description
Publisher: DIANE Publishing
ISBN: 1437940129
Category :
Languages : en
Pages : 121
Book Description
How the Proposed Basel Guidelines on Rating-agency Assessments Would Affect Developing Countries
Author: Giovanni Ferri
Publisher: World Bank Publications
ISBN:
Category : Bank
Languages : en
Pages : 36
Book Description
The Basel Committee has proposed linking capital asset requirements for banks to the banks' private sector ratings. Doing so would reduce the capital requirements for banks that lend prudently in high-income countries; the same incentives would not apply in developing countries.
Publisher: World Bank Publications
ISBN:
Category : Bank
Languages : en
Pages : 36
Book Description
The Basel Committee has proposed linking capital asset requirements for banks to the banks' private sector ratings. Doing so would reduce the capital requirements for banks that lend prudently in high-income countries; the same incentives would not apply in developing countries.
Credit Rating Agency Reform Act of 2006
Author: United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs
Publisher:
ISBN:
Category : Credit bureaus
Languages : en
Pages : 16
Book Description
Publisher:
ISBN:
Category : Credit bureaus
Languages : en
Pages : 16
Book Description
Approaches to Improving Credit Rating Agency Regulation
Author: United States. Congress. House. Committee on Financial Services. Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 144
Book Description
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 144
Book Description
H.R. 2990--the Credit Rating Agency Duopoly Relief Act
Author: United States. Congress. House. Committee on Financial Services. Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 96
Book Description
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 96
Book Description