Thesis Abstract and Dissertation Abstracts
A Rating Agency in Maltese Financial Markets its Introduction and Implications
Abstract Category: Accounts and Economics
Course / Degree: Masters in Financial Services
Institution / University: University of Malta, Malta
Published in: 2005
Credit rating agencies attempt to provide independent reports on the credit worthiness of a range of institutions, governments, public bodies, and international and domestic active companies.
The study analyses the possible ways of introducing and establishing a rating agency in the Maltese financial markets and the benefits or otherwise for the financial market participants. It also identifies the regulatory setup for such an Agency. This analysis will be carried out from the perspective of investors, listing companies, the Malta Stock Exchange and the regulatory authority.
A combination of personal in-depth semi-structured and unstructured interviews was used. Interviews were conducted with 13 companies, 10 stockbrokers, 2 credit standing companies, a Malta Stock Exchange official and a representative of the Malta Financial Services Authority (MFSA).
This study concludes that there is a need for further measures to enhance the Maltese financial market. It also concludes that before the eventual introduction of a rating agency in Malta it is important that the Maltese authorities first provide the regulatory framework in which such an agency would operate. Furthermore, if Malta were to introduce a Maltese credit rating agency, it would have to equate Maltese ratings with those that apply in other European markets, yet in full respect to the Maltese socio-economic environment.
The study also finds that currently it is not the appropriate time to introduce a fully fletched rating agency and above all make its services mandatory. The costs of obtaining a rating would probably discourage companies from listing on the Malta Stock Exchange or any other recognised investment exchange. Also, mandatory ratings might deter any prospective listing from abroad as companies may prefer to list on other exchanges where ratings are not mandatory. The Maltese market should thus be gradually prepared for the introduction of a Maltese credit rating agency which services would then be regulated by the Maltese Authorities.
Thesis Keywords/Search Tags:
Rating Agency Financial Markets
This Thesis Abstract may be cited as follows:
A RATING AGENCY IN MALTESE FINANCIAL MARKETS ITS INTRODUCTION AND IMPLICATIONS, J. BORG 2005
Submission Details: Thesis Abstract submitted by Jeanette Borg from Malta on 06-Jul-2005 15:53.
Abstract has been viewed 2789 times (since 7 Mar 2010).
Jeanette Borg Contact Details: Email: jeanborg@lycos.co.uk
Disclaimer
Great care has been taken to ensure that this information is correct, however ThesisAbstracts.com cannot accept responsibility for the contents of this Thesis abstract titled "A Rating Agency in Maltese Financial Markets its Introduction and Implications". This abstract has been submitted by Jeanette Borg on 06-Jul-2005 15:53. You may report a problem using the contact form.
© Copyright 2003 - 2024 of ThesisAbstracts.com and respective owners.