As a number of posts recently in Financial Regulation Matters have been focused upon the credit rating industry, it would be useful to catch up on some of the other stories that we have looked at before to see how they have been developing. There have been a number of key developments – or alternatively lack of development in the case of Lloyds – regarding a number of organisations that have been the focus of posts in this blog on quite a number of occasions. So, in this post, we will take a look at the story of Lloyds not meeting its own deadline for compensating victims of fraud, the massive fine given to RBS in the U.S., the selection of Nicky Morgan as Chairwoman of the influential Treasury Select Committee, and finally a small mention of the leading credit rating agencies’ withdrawal from the Russian marketplace tomorrow. Lloyds Predictably Fails to Meet Its Own Deadline Here in Financial Regulation Matters we have reviewed the story of HBOS Executives running small f...

This short post is based upon a forthcoming article by this author that examines the viability of the latest entrant into the credit rating arena, the Analytical Credit Rating Agency (ACRA). The article, which is due to be published in the European Company Law Journal (and is available here in a pre-published version), looks at the chances of the ACRA succeeding when viewed within the parameters of perception , an aspect that underpins the credit rating sector. For this post, the focus will be upon introducing the ACRA, and then on examining the effect it may have upon the wider political issues affecting the Russian Federation. The Analytical Credit Rating Agency was established in November 2015 and comprises of 27 major Russian companies and financial institutions that serve as its shareholders. The agency, which became the first rating agency to receive accreditation from the Russian Central Bank under the new N 222-FZ Law which was designed to protect investors, has a re...