Penalizing for past offenses is always good. But we need a new system to prevent the problem in the future.. How can you be a tough grader when the way to make millions is to get a reputation being an easy grader?
Congressman Brad Sherman (D-Calif.) quoted in USA Today, February 3 2015, in an article entitled Critics lament the record-setting deal with S&P does nothing to change the conflicts of interest the government said led to its case by Kaja Whitehouse
With reference to the above quote, critically evaluate the flaws within the credit rating system

International financial law
Order Description
‘The IMF, though imperfect, is uniquely placed to tackle global crises and provide a collective voice’

[The Future of Global Economic Governance and the IMF: Challenges and Opportunities for Europe, Emerging Economies and Developing Countries
A summary report of a seminar jointly held in Berlin, (December 2013)], page 9 <http://www.brettonwoodsproject.org/wp01-content/uploads/2014/03/Future-of-global-economic-governance-and-the-IMF.pdf>

With reference to the above statement, critically evaluate the role of the International Monetary Fund in maintaining stability and managing crises within the international financial system after the global financial crisis of 2007-8.

International financial law
Order Description
‘The IMF, though imperfect, is uniquely placed to tackle global crises and provide a collective voice’

[The Future of Global Economic Governance and the IMF: Challenges and Opportunities for Europe, Emerging Economies and Developing Countries
A summary report of a seminar jointly held in Berlin, (December 2013)], page 9 <http://www.brettonwoodsproject.org/wp-content/uploads/2014/03/Future-of-global-economic-governance-and-the-IMF.pdf>

With reference to the above statement, critically evaluate the role of the International Monetary Fund in maintaining stability and managing crises within the international financial system after the global financial crisis of 2007-8.