Regulation Of Credit Rating Agencies In India

Reports by Corporate & Financial Law ยท July 31, 2017
Author(s): Shreya Garg, Shreya Prakash and Aditya Ayachit

Credit Rating Agencies form an essential part of the financial markets. SEBI has regulated them since 1999. However, in the years following the financial crisis, specific concerns have been raised regarding their regulation globally, as well as in India.

This report highlights the concerns regarding the regulation of credit rating agencies in India, examines the solutions adopted by regulators in other jurisdictions, and makes recommendations to strengthen the regulatory framework in India.

Download the full report-Regulation Of Credit Rating Agencies In India

About Shreya Garg:

About Shreya Prakash:

Shreya is the Coordinator of the Vidhi Bankruptcy Research Programme & a Research Fellow with the Corporate Law and Financial Regulation vertical. Her research is focussed on insolvency law, corporate governance and financial regulation. At Vidhi, she has worked extensively with the Insolvency and Bankruptcy Board of India and the Ministry of Corporate Affairs, advising them on the implementation of the Insolvency and Bankruptcy Code, 2016 and the design of second-generation reforms, such as group insolvency, in the field. She is a member of the Joint Steering Committee of the Insolvency Research Foundation and the Taskforce on Insolvency Best Practices set up by the Society of Insolvency Practitioners of India. She has also worked on law and policy issues pertaining to companies law, debt markets, public finance, commercial remedies and regulatory architecture. Shreya is an alumna of the University of Oxford where she read for the BCL as the Zaiwalla scholar at the Oxford India Centre for Sustainable Development, and the National Law School of India University, Bangalore from where she graduated as a gold-medallist. She has previously written for publications such as Financial Express, Hindu BusinessLine & IndiaCorpLaw and served as an editor of the National Law School of India Review. Link to full bio

About Aditya Ayachit: