Abstract

A lot more than ten years following the outbreak of this international crisis that is financial customers throughout the EU have already been increasing their standard of debt when it comes to both amount and value of credit rating services and products. On the list of known reasons for this trend would be the low interest environment, the novel business methods of lenders directed at finding brand new income sources, such as for instance charges and costs on loans, while the revolutionary company models rising in an ever more electronic market, such as for instance peer-to-peer financing. These developments provide brand brand new dangers to customers and pose new challenges for regulators when it comes to simple tips to deal with them. This short article aims to discover the problematic facets of credit rating provision into the post-crisis lending environment across the EU also to evaluate as to the extent the 2008 credit rating Directive presently in effect, which aims to guarantee sufficient customer protection against irresponsible financing, is fit for the function today.