Sponsored Content
Scharinger: „Rating Agencies Are Instruments of Torture“
People ♦
Published: January 24, 2012; 17:42 ♦ (Vindobona)

Sponsored Content
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.

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,…
or Log In
Sponsored Content
Sponsored Content
Sponsored Content
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)
Sponsored Content
Read More
Featured