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Rate Expectations: What Can and Cannot be Done about Rating Agencies by Nicolas Véron from the Bruegel think-tank. Credit-rating agencies’ actions have often been controversial recently, prompting debate about their role, including tighter regulation. A more effective approach, says Veron, currently at the Peterson Institute, would be better-standardized public disclosures on risk factors by issuers, thus improving credit-risk assessments. Recommended by European Affairs. (11/2)