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Journal of European Tort Law

Editor-in-Chief: Oliphant, Ken

Ed. by Karner, Ernst / Koch, Bernhard A. / Wendehorst, Christiane

3 Issues per year

Online
ISSN
1868-9620
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The Liability of Credit Rating Agencies in a Comparative Perspective

Alessandro Scarso
Published Online: 2013-08-13 | DOI: https://doi.org/10.1515/jetl-2013-0013

Abstract

The article deals with the liability of Credit Rating Agencies (CRAs) for inaccurate ratings towards issuers, clients and any other third party in a comparative perspective. The author focuses on the remedies granted, in particular, to clients of banks who have suffered a loss due to the CRA’s faulty rating, highlighting the substantive differences existing in the jurisdictions considered. It pleads for the introduction of a ‘cap’ to CRA’s liability, as a means to reconcile the statement of liability of CRAs whilst preventing the ‘opening the floodgates’ to compensation which would result in a crushing liability on CRAs.

About the article

Alessandro Scarso


Published Online: 2013-08-13

Published in Print: 2013-08-01


Citation Information: Journal of European Tort Law, ISSN (Online) 1868-9620, ISSN (Print) 1868-9612, DOI: https://doi.org/10.1515/jetl-2013-0013.

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© 2013 Walter de Gruyter GmbH, Berlin/Boston. Copyright Clearance Center

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