Banking agencies working to find credit rating alternatives

credit rating

Credit rating agencies have been criticized for fueling the 2007-2009 financial crisis.

The Federal Reserve said on Monday that Banking regulators expect to release proposals for replacing the work of credit rating agencies in their regulations later this year when comprehensive tougher capital standards are unveiled.

 

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McGraw-Hill Preparing for an e-Book Boom in China

beijing book fair

Book fair in Beijing, China.

Several years from now, none of China’s millions of students may have to carry bags loaded with heavy books.  Indeed, they may not need to visit libraries or museums, darken the doors of a school, or even be required to talk with teachers or fellow students.

 

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