Daniel Cash is a Fellow (Non-Resident) at UNU-CPR, leading a dedicated effort to improve awareness and understanding of credit rating agencies in the context of the broader reform of the international financial architecture.
Daniel is also an Associate Professor (Reader) at Aston University in the UK. His research focus is exclusively in the field of ratings, both Credit and ESG. His background stems from an early study of corporate crime, which developed into the study of international legal frameworks governing the financial service sectors. Upon completing a masters’ thesis on the failures of the credit rating industry during the global financial crisis and subsequent regulatory developments, Daniel joined Durham University on a scholarship to undertake a PhD in financial regulation. The title of his doctoral thesis was "The Regulation of Credit Rating Agencies: An Analysis of the Transgressions of the Rating Industry and a Measured Proposal for Reform." The thesis focused on the role, impact, and implication of the rating agencies’ development of consultancy services from a variety of angles.
Daniel’s post-doctoral work has resulted in eight monographs and over thirty journal articles. His more popular books include "Regulation and the Credit Rating Agencies: Restraining Ancillary Services," an edited collection entitled "Regulation and the Global Financial Crisis: Impact, Regulatory Responses, and Beyond," "The Modern Credit Rating Agency: The Story of Moody’s," and his most recent monograph, entitled "ESG Rating Agencies and Financial Regulation: A Signalling Theory Approach." Daniel sits on the board of numerous journals and has contributed to a variety of media outlets, including Reuters and the Financial Times.
Daniel’s passion and main focus, however, is in the field of development. He published an open-access monograph, entitled "Sovereign Debt Sustainability: Multilateral Debt Treatment and the Credit Rating Impasse," which was attached to a large-scale funded project which sought to bring clarification to the reasons why the Common Framework and the Debt Service Suspension Initiative failed. Daniel has worked with a number of multilateral agencies in this field, and supports the African Union and the African Peer Review Mechanism with their developments for credit rating-related affairs across Africa. He founded the Credit Rating Research Initiative that serves to act as a community for those interested in credit rating-related affairs, containing research, daily updates, public consultation responses, and more. Daniel’s work includes a focus on simplifying the rating process; capacity building for developing nations; and advising on regulatory framework creation.