More specifically, on the thorny question of limiting the participation of shareholders in different credit ratings agencies (limitation of cross-shareholding), the Council and Parliament have agreed on the following measure: an investor who holds a share of at least 5% in a credit ratings agency will not be authorised to hold shares of 5% or more in anotherratings agency.
A ratings agency must also respect the obligation of transparency if one of its shareholders, who holds 5% or more of its capital, also holds 5% or more of the rated entity.
In the Asia-Pacific region, Standard & Poor's has been voted most influential ratings agency
by Finance Asia magazine, and Ratings Agency
of the Year 2001 by INSTO.
The bank rating services currently offered worldwide by BankWatch will now become part of Fitch, Fimalac's international ratings agency
Fimalac, the diversified French operating company, today announced that its wholly-owned subsidiary Fitch, the world's third largest ratings agency, has acquired BankWatch, the leading ratings agency specializing in banks and financial institutions, from the Thomson Financial group of Canada.
PA), is a diversified French operating company with interests in a variety of service activities, including hand tools and garage equipment through its subsidiary FACOM, the world's third largest ratings agency through FITCH, chemical product storage through its subsidiaries LBC and PETROUNITED, and mailing equipment machines through its subsidiary SECAP.
Following the completion of regulatory approval, the bank rating services currently offered worldwide by BankWatch, through Thomson Financial, will become part of Fitch, Fimalac's international ratings agency