Proceedings of the 2018 2nd International Conference on Management, Education and Social Science (ICMESS 2018)

The Civil Liability of Credit Rating in China

Authors
Lin Wang
Corresponding Author
Lin Wang
Available Online June 2018.
DOI
https://doi.org/10.2991/icmess-18.2018.53How to use a DOI?
Keywords
Credit rating; Rating failure; Accountability; Expert responsibility
Abstract
As a third-party institution for market risk disclosure, credit rating agencies should act as gatekeepers in the capital market. The improper arrangement and negligence of institutional arrangements make it possible for rating agencies to evade the burden of civil liability after multiple failures. By referring to the experience of western regulatory reforms and combining with the current status of China’s legislation, the responsibility of credit rating agencies is defined as expert responsibility, and the restoration, compensation and deterrence of civil liability mechanisms is brought into play, which is of significance in reducing the failure of assignable liability and protecting investors’ rights and interests.
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Proceedings
2018 2nd International Conference on Management, Education and Social Science (ICMESS 2018)
Part of series
Advances in Social Science, Education and Humanities Research
Publication Date
June 2018
ISBN
978-94-6252-520-7
ISSN
2352-5398
DOI
https://doi.org/10.2991/icmess-18.2018.53How to use a DOI?
Open Access
This is an open access article distributed under the CC BY-NC license.

Cite this article

TY  - CONF
AU  - Lin Wang
PY  - 2018/06
DA  - 2018/06
TI  - The Civil Liability of Credit Rating in China
BT  - 2018 2nd International Conference on Management, Education and Social Science (ICMESS 2018)
PB  - Atlantis Press
SP  - 235
EP  - 238
SN  - 2352-5398
UR  - https://doi.org/10.2991/icmess-18.2018.53
DO  - https://doi.org/10.2991/icmess-18.2018.53
ID  - Wang2018/06
ER  -