Sponsored
Article Tools

Scharinger: „Rating Agencies Are Instruments of Torture“

Published: January 24, 2012; 17:42 · (Vindobona)

The leaving CEO of RLB Upper Austria, Ludwig Scharinger, is convinced that Europe needs must make itself more competitive against the U.S. financial industry.

Scharinger: „Rating Agencies Are Instruments of Torture“ / Picture: © Vindobona.org

In an interview in the Austrian newspaper “Kurier”, Scharinger criticizes the U.S. banking system. For him, rating agencies are not objective at all. Parameters are nontransparent and not trustworthy, Scharinger states. Markets would not be ready anymore to follow rating agencies anymore, unless they disclose their parameters. “Markets are more intelligent than rating agencies,…

This article includes a total of 230 words.

or Log In

Fast News Search
Related News
Schaller New CEO of RLB Upper Austria (October 24, 2011)
RLB Upper Austria Records Massive Increase in Earnings (March 20, 2011)
RLB Upper Austria Intends to Grow in Russia (March 13, 2011)
Member of the Board of the Stock Exchange to be Scharinger's Successor? (January 31, 2011)
RLB OÖ Records Substantial Growth (December 31, 2010)
Read More
Ludwig Scharinger, Economic Growth, Ratings, USA, Public Debt, RLB Upper Austria, Banking Industry, Equity Markets, Austerity, Education Policy, Infrastructure
Featured
Updated Directory of Foreign Ambassadors in Austria 2019
List of National Days of the home countries of all foreign Missions and Delegations in Vienna, Austria
Austria Appoints 15 New Ambassadors to Austrian Embassies Worldwide
See latest Vindobona Newsletter