: International Financial Law Coursework 3

: International Financial Law Coursework 3

Order Description
‘Of primary concern is that there is a clear tension between, on the one hand, the expectation that investors conduct their own due diligence and not rely on credit ratings alone in making their assessment of credit worthiness and, on the other hand, nevertheless providing them with a right to claim damages from the rating agency if, for example, it does not conduct a thorough analysis or fails to follow its rating methodology’

Harry Edwards, Herbert Smith Freehills LLP, ‘CRA 3 and the liability of rating agencies: inconsistent messages from the regulation on credit rating agencies in Europe’ [2013] Law and Financial Markets Review 189

With reference to the above statement, critically evaluate CRA 3 (Regulation (EU) No 462/2013) and whether it is likely to achieve its objectives.

Further Assignment Details

a) The number of search words is 2,500 words Do not exceed the word limit in relation to your answer by more than 10%. If you do, then your mark will be capped at 50%.

b) The assignment itself should be in Arial font size 11 with double line spacing to allow for the markers’ comments.