The Civil Liability of Credit Rating in China

DOI

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.

Copyright

© 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/).

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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  - 10.2991/icmess-18.2018.53
ID  - Wang2018/06
ER  -