#aaaa110 - Issues with credit-rating (agencies)
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We resolve to reduce mechanistic reliance on credit-rating agency assessments, including in regulations. To improve the quality of ratings, we will promote increased competition as well as measures to avoid conflict of interest in the provision of credit ratings. We acknowledge the efforts of the Financial Stability Board and others in this area. We support building greater transparency requirements for evaluation standards of credit-rating agencies. We will continue ongoing work on these issues, including in the United Nations.


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