Credit rating agencies (CRAs) have not consistently met the expectations placed on them by investors and policymakers. It is difficult, however, to improve the quality…

Nicolas Veron scrutinizes the current European debate about credit rating agencies. He warns against restricting the agencies’ freedom of expression or regulating their methodologies, and recommends vastly expanded public disclosure requirements on issuers to improve the quality of risk assessments.

This Policy Contribution reproduces the written statement prepared by the author for the hearing "The European debt and financial crisis: origins, options and implications for…

22 July marks the first anniversary of Dodd-Frank, the most comprehensive US regulatory effort for financial markets since the 1930s. In June, The Pew Charitable…

Accounting provides a fundamental underpinning for capital markets, and the worldwide spread of International Financial Reporting Standards (IFRS) marks one of the most advanced attempts…

Public authorities overseeing the International Financial Reporting Standards (IFRS) Foundation, through the Monitoring Board in place sinceearly 2009, should encourage the Foundation to make itself…

Although the United States and the European Union were bothseriously impacted by the financial crisis of 2007, the resulting policy debates and regulatory responses have…

In this paper, Nicolas Véron argues that the EU regulatory response to the crisis has been generally slower in the EU than in the United…

Financial regulation at global level has been high on the G20 agenda. However, financial multipolarity, with the rise of emerging economies, and its impact on…

This Policy Contribution reproduces the text of a letter sent by Senior Fellow Nicolas Véron to Gerrit Zalm, the Chairman of the International Accounting Standards…