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Operational Risk Control with Basel II
book

Operational Risk Control with Basel II

by Dimitris N. Chorafas
November 2003
Intermediate to advanced content levelIntermediate to advanced
400 pages
12h 48m
English
Butterworth-Heinemann
Content preview from Operational Risk Control with Basel II
Role of rating agencies in the creditworthiness of insurance firms 253
of contractual clauses is also crucial. If the insurers can influence the contract, then
they can do a lot in terms of risk management.
12.2 Independent rating agencies, their business and their role
The term ‘nationally recognized statistical-rating organization’ (NRSRO) was coined
in 1975. At its peak, the US had eight such organizations, but industry consolidation
has cut that to four. Initially, what is now called independent rating agencies started
as publishers of financial data. The eldest on record, Poor’s Publishing, was
established in 1860. In 1941 it merged with Standard ...
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Publisher Resources

ISBN: 9780750659093