The Civil Liability of Credit Rating in China
- https://doi.org/10.2991/icmess-18.2018.53How to use a DOI?
- Credit rating; Rating failure; Accountability; Expert responsibility
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.
- © 2018, the Authors. Published by Atlantis Press.
- Open Access
- This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).
Cite this article
TY - CONF AU - Lin Wang PY - 2018/06 DA - 2018/06 TI - The Civil Liability of Credit Rating in China BT - Proceedings of the 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 -