Donald's de-grading lesson

Hong Kong''s financial secretary Donald Tsang''s New York visit to Moody''s and Standard & Poor''s shows how much power resides in the agencies.

There are some professions that really get all the flak. Who would want to be a traffic warden, a physics teacher or even a South American soccer referee All you get is abuse. No one understands your decisions. And no one values your contribution to society.

Into this category of Professions People Abuse, I will add that of working for a rating agency. Rating agencies provide an essential service for the smooth flow of information on the capital markets....

To continue reading, please login or register for free

Click for more on: donalds | degrading | lesson

Print Edition

FinanceAsia Print Edition

CONFERENCES

  • Green Bonds Southeast Asia

    25 May 2017  |  Singapore
    With Green Bonds globally reaching USD200 billion outstanding in 2016, from as little as 30bn just 4 years ago, can SE Asia corporations and ...
  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...