Washington Post (July 25)
“Companies are reshaping operations to cope with a changing climate” as climate risks also gain more prominence investment calculations. The month of June was the warmest since records began in 1850” so the “global steam bath” helps explain “why investors, regulators and credit-rating agencies are scrutinizing corporate plans for unrecognized climate risks.”
Tags: 1850, Climate risks, Corporate plans, Credit rating agencies, Investment calculations, Investors, June, Records, Regulators, Scrutinizing, Steam bath
New York Times (March 23)
“It’s the one question about the 2008 financial crisis that people still ask me more than any other: Why have regulators done so little to rein in the credit rating agencies?” Despite abuses which helped create the sub-prime crisis and despite numerous resolutions to revise the regulatory environment for firms like S&P and Moody’s, little has been done. “Ratings still loom large, even after they were found to have been so disastrously inaccurate in 2008. It’s yet another example of the glacial pace of regulatory change.”
Tags: Abuses, Credit rating agencies, Financial Crisis, Moody's, Ratings, Regulators, S&P, Sub-prime crisis
