In progress at UNHQ

Economic and Social Council: Meetings Coverage


ECOSOC/6655

The collapse of the international financial system in 2008 was partly attributable to the conflicts of interest implicit in agency-client relationships and the lack of transparency in the industry, experts said today as the Economic and Social Council held a panel exploring how countries, regional organizations and United Nations agencies could work together towards a fair, transparent and more comprehensive international credit ratings system that supported sustainable development.