Credit Rating Agencies - Do They Still Matter?
Webinar: The latest research and proposed solutions
- Presenter: Dr. Lynnette Purda
- Date: Wednesday, July 18, 2012
- Time: 1:00PM EDT
- Length: 60 minutes
- Price: Complimentary
During the past decade, credit rating agencies have come under intense scrutiny, first for their failure to identify corporate governance disasters such as those at Enron and Worldcom, and second for their role in rating structured finance products in the lead up to the global financial crisis.
A recent announcement by the Canadian Securities Administrators has suggested that the path forward in Canada involves a new regulatory regime for credit rating agencies.
In this webinar, Professor Purda will discuss:
- Whether the steps undertaken by policymakers are likely to bring about effective change
- The role of rating agencies and how they have come to maintain their current position of influence
- The accuracy of credit ratings and how their role may vary across countries and industries
- The solutions proposed and their chances for success
- What research remains to be done
Following the presentation will be time dedicated to Q&A with our speaker, allowing for application of theoretical concepts to real-world situations.
Dr. Lynnette Purda - Finance, Queen's School of Business
Lynnette Purda is an Assistant Professor of Finance at Queen’s School of Business and a Chartered Financial Analyst. Prior to her academic career, she worked in investment banking with Nesbitt Burns. During her time with Nesbitt she participated in several mergers and acquisitions, equity issues and divestitures. Her research lies in the area of empirical corporate finance, particularly aspects of corporate debt policy, credit ratings, and corporate governance. Her research has been published in the Journal of Financial Research, the Journal of Multinational Financial Management, and the Canadian Tax Journal.
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