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Ratings agencies to face tougher rules

Staff Reporter 1 minute read

Prime Minister Kevin Rudd will seek international support for a crackdown on rating agencies and executive salaries at the G20 Summit this weekend.

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According to The Australian Financial Review Mr Rudd’s recommendations for ratings agencies, which he has blamed  as major contributors to the global financial crisis, include imposing a financial services licence requirement and annual compliance reports.

A government review of credit agencies is set to be released next week.

Published: 14-11-08

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