kaal:claim:3405660-036

The internal ratings based approach reduces information asymmetry because internal ratings capture supplementary borrower information that external credit assessors cannot reach and cover a broader range of borrowers.

Source quote, verbatim
internal ratings may incorporate supplementary information about borrowers that is usually beyond the reach of institutions providing external credit assessments, and may cover a much broader range of borrowers
From

Kaal, Indirect Regulation of Hedge Funds (2019), V. Conclusion, p. 26
https://ssrn.com/abstract=3405660 · source PDF

Cite as

Kaal, Indirect Regulation of Hedge Funds (2019). SSRN: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3405660

Holds when
Classification

mechanismsupport: argueddisclosurerisk-and-incentivessystemic-risk

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