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Credit Rating: EU Action

Volume 485: debated on Wednesday 17 December 2008

To ask the Chancellor of the Exchequer with reference to the answer of 28 October 2008, Official Report, column 880W, on credit rating, what assessment he has made of the outcome of the European Commission's consultation on an EU-wide registration scheme for credit rating agencies. (243803)

The Government support registration of credit rating agencies. The Commission's proposals are now being discussed in council working groups.