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Stock Market & Financial Investment News

News Breaks
February 26, 2013
09:33 EDTINGING Group upgraded to Neutral from Underperform at Macquarie
News For ING From The Last 14 Days
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December 23, 2014
07:26 EDTINGBank use of rating agencies to measure risk to be restricted, FT reports
The Basel Committee on Banking Supervision is seeking to sharply reduce the scope to which banks will be allowed to rely on external ratings from credit agencies like McGraw Hill Financial's (MHFI) S&P Ratings and Moody's (MCO) to assess the risks in their portfolios, reported Financial Times. Another Basel initiative aims to limit banks’ ability to game the system using internal models to calculate capital, said FT. A spokesperson for Moody’s told the FT: “We have long advocated reducing mechanistic reliance by regulators on any single risk indicator, including credit ratings. We believe our ratings will continue to serve market participants as a valuable source of insight on credit risk.” Publicly traded large European banks include Banco Santander (SAN), Barclays (BCS), Credit Suisse (CS), Deutsche Bank (DB), HSBC (HSBC), ING Groep (ING), Lloyds Banking (LYG), RBS (RBS) and UBS (UBS). Reference Link
December 17, 2014
12:40 EDTINGING Groep upgraded to Outperform from Neutral at Macquarie
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