I agree with your intention, but I worry about the consequences: One thing worse than a group of companies controlling credit ratings is one company having a monopoly on controlling credit ratings and being "too big to fail".
What exactly is the best case scenario here I wonder? More credit rating companies equals more competition but greater attack surface and chance of breach, but fewer companies approaches a monopoly situation which isn't good for consumers either. This feels like a lose-lose...
What exactly is the best case scenario here I wonder? More credit rating companies equals more competition but greater attack surface and chance of breach, but fewer companies approaches a monopoly situation which isn't good for consumers either. This feels like a lose-lose...