Liability of Rating Agencies Under German and European Law

Research output: Contributions to collected editions/worksContributions to collected editions/anthologiesResearchpeer-review

Standard

Liability of Rating Agencies Under German and European Law. / Halfmeier, Axel.
Certification – Trust, Accountability, Liability. ed. / Peter Rott. Cham: Springer Nature AG, 2019. p. 231-250 (Studies in European Economic Law and Regulation; Vol. 16).

Research output: Contributions to collected editions/worksContributions to collected editions/anthologiesResearchpeer-review

Harvard

Halfmeier, A 2019, Liability of Rating Agencies Under German and European Law. in P Rott (ed.), Certification – Trust, Accountability, Liability. Studies in European Economic Law and Regulation, vol. 16, Springer Nature AG, Cham, pp. 231-250. https://doi.org/10.1007/978-3-030-02499-4_11

APA

Halfmeier, A. (2019). Liability of Rating Agencies Under German and European Law. In P. Rott (Ed.), Certification – Trust, Accountability, Liability (pp. 231-250). (Studies in European Economic Law and Regulation; Vol. 16). Springer Nature AG. https://doi.org/10.1007/978-3-030-02499-4_11

Vancouver

Halfmeier A. Liability of Rating Agencies Under German and European Law. In Rott P, editor, Certification – Trust, Accountability, Liability. Cham: Springer Nature AG. 2019. p. 231-250. (Studies in European Economic Law and Regulation). doi: 10.1007/978-3-030-02499-4_11

Bibtex

@inbook{43e1b25205e44e58b73eb8362dd802f0,
title = "Liability of Rating Agencies Under German and European Law",
abstract = "After the 2008 financial crisis, rating agencies were identified as one of the main actors that contributed to the crisis. In various proceedings—some of which are still pending until today—the question of their liability vis-{\`a}-vis investors was raised. Investors who have suffered losses in the crisis claim that they had relied on false ratings that were produced by the rating agencies on request of the issuing institutions. This chapter analyses such claims with regard to jurisdiction and applicable law, and discusses substantive German law on this question. In addition, the recent European legislation on rating agencies{\textquoteright} liability and its relation to member states{\textquoteright} private law is covered.",
keywords = "Law",
author = "Axel Halfmeier",
year = "2019",
doi = "10.1007/978-3-030-02499-4_11",
language = "English",
isbn = "978-3-030-02498-7",
series = "Studies in European Economic Law and Regulation",
publisher = "Springer Nature AG",
pages = "231--250",
editor = "Peter Rott",
booktitle = "Certification – Trust, Accountability, Liability",
address = "Germany",

}

RIS

TY - CHAP

T1 - Liability of Rating Agencies Under German and European Law

AU - Halfmeier, Axel

PY - 2019

Y1 - 2019

N2 - After the 2008 financial crisis, rating agencies were identified as one of the main actors that contributed to the crisis. In various proceedings—some of which are still pending until today—the question of their liability vis-à-vis investors was raised. Investors who have suffered losses in the crisis claim that they had relied on false ratings that were produced by the rating agencies on request of the issuing institutions. This chapter analyses such claims with regard to jurisdiction and applicable law, and discusses substantive German law on this question. In addition, the recent European legislation on rating agencies’ liability and its relation to member states’ private law is covered.

AB - After the 2008 financial crisis, rating agencies were identified as one of the main actors that contributed to the crisis. In various proceedings—some of which are still pending until today—the question of their liability vis-à-vis investors was raised. Investors who have suffered losses in the crisis claim that they had relied on false ratings that were produced by the rating agencies on request of the issuing institutions. This chapter analyses such claims with regard to jurisdiction and applicable law, and discusses substantive German law on this question. In addition, the recent European legislation on rating agencies’ liability and its relation to member states’ private law is covered.

KW - Law

U2 - 10.1007/978-3-030-02499-4_11

DO - 10.1007/978-3-030-02499-4_11

M3 - Contributions to collected editions/anthologies

SN - 978-3-030-02498-7

T3 - Studies in European Economic Law and Regulation

SP - 231

EP - 250

BT - Certification – Trust, Accountability, Liability

A2 - Rott, Peter

PB - Springer Nature AG

CY - Cham

ER -