The Impact of Regulatory Changes on Rating Shopping and Rating Catering Behavior in the European Securitization Market

Abstract

JEL classification: G21; G28.A version of the article was developed as the Working Paper Series no. 2290, available online at: https://www.ecb.europa.eu/pub/pdf/scpwps/ecb.wp2920~f44cdd68b2.en.pdf . © European Central Bank, 2024. All rights reserved. Any reproduction, publication and reprint in the form of a different publication, whether printed or produced electronically, in whole or in part, is permitted only with the explicit written authorisation of the ECB or the authors. This paper can be downloaded without charge from https://www.ecb.europa.eu, from the Social Science Research Network electronic library ( https://ssrn.com/ ) or from RePEc: Research Papers in Economics. Information on all of the papers published in the ECB Working Paper Series can be found on the ECB’s website ( https://www.ecb.europa.eu/pub/research/working-papers/html/index.en.html ). PDF ISBN 978-92-899-6400-5 ISSN 1725-2806 doi:10.2866/23087 QB-AR-24-037-EN-N...