Overview
- Examines the recent entrance of the Credit Rating Agencies into the field of Sustainable Finance
- Investigates the validity of Credit Rating Agencies in the Impact Investing field, and the potential future for the movement
- Assesses the proposed use of Financial Gatekeepers into the field
Part of the book series: Palgrave Studies in Impact Finance (SIF)
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About this book
This Palgrave Pivot aims to examine the bourgeoning relationship between the Principles for Responsible Investment and the Credit Rating Industry. Since May of 2016, when the partnership was initially publicised, the PRI have endeavoured to incorporate Credit Rating Agencies into its initiative via its ‘ESG in Credit Ratings Initiative’, and have been working diligently to find, and create common ground between Credit Rating Agencies and Institutional Investors seeking to be more forward-looking in their investment approaches. However, in recent years the ‘Big Two’ Credit Rating Agencies – Standard & Poor’s and Moody’s – have finally received record fines for their conduct in the run-up to the Financial Crisis. There is a need, then, to examine the incorporation of the Credit Rating Agencies into such a progressive initiative. To achieve this objective, this book examines the field of ‘responsible investing’, the credit rating industry, and the power dynamic that exists betweenthe rating industry, investors, and the PRI (via its ‘Initiative’).
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Keywords
Table of contents (6 chapters)
Authors and Affiliations
About the author
Daniel Cash is a Lecturer in Law at Aston University. Daniel completed his PhD in Durham University in 2016, and his research is exclusively concerned with the Credit Rating Industry. He has written extensively on the subject, and is the author of a number of articles and Regulation and the Credit Rating Agencies: Restraining Ancillary Services.
Bibliographic Information
Book Title: The Role of Credit Rating Agencies in Responsible Finance
Authors: Daniel Cash
Series Title: Palgrave Studies in Impact Finance
DOI: https://doi.org/10.1007/978-3-030-03709-3
Publisher: Palgrave Pivot Cham
eBook Packages: Economics and Finance, Economics and Finance (R0)
Copyright Information: The Editor(s) (if applicable) and The Author(s), under exclusive licence to Springer Nature Switzerland AG 2018
Hardcover ISBN: 978-3-030-03708-6Published: 03 January 2019
eBook ISBN: 978-3-030-03709-3Published: 17 December 2018
Series ISSN: 2662-5105
Series E-ISSN: 2662-5113
Edition Number: 1
Number of Pages: X, 127
Number of Illustrations: 1 b/w illustrations
Topics: Investments and Securities