Summary of The 3 Agencies with the Power to Make or Break Economies

Looking for the video?
We have the summary! Get the key insights in just 5 minutes.

The 3 Agencies with the Power to Make or Break Economies summary
Start getting smarter:
or see our plans

Rating

7 Overall

9 Importance

7 Innovation

7 Style

Recommendation

Though their methods and integrity are dubious, the “big three” credit rating agencies wield abundant power. Bertelsmann Foundation executive director Annette Heuser portends that this is about to change. In this insightful lecture, she describes the flaws in the current system and presents INCRA [International Nonprofit Credit Rating Agency], an organization with the potential to challenge the current ratings players. getAbstract considers this oration particularly timely, as recent incidents place the rating agency oligopoly under international scrutiny.

In this summary, you will learn

  • How sovereign ratings affect every citizen,
  • What weaknesses are inherent in the current credit rating system, and
  • How the introduction of a nonprofit rating organization could challenge the status quo and improve the system.
 

About the Speaker

Annette Heuser is the executive director of the Washington, DC, branch of the Bertelsmann Foundation.

 

Summary

Investors generally consult the credit ratings of companies, banks and financial products before investing. The best performers boast AAA ratings, while riskier investments garner lower scores. The

Get the key points from this video in 10 minutes.

For you

Find the right subscription plan for you.

For your company

We help you build a culture of continuous learning.

 or log in

Comment on this summary

More on this topic

Related TED Link

Customers who read this summary also read

More by category