Sponsored Links
SEC will propose new regulations for credit-raters
Credit-rating agencies will have to disclose more details about their ratings process and better manage conflicts of interest under rules unveiled on Wednesday that are expected to lightly touch industry practices
The proposals are all required by the Dodd-Frank Wall Street overhaul law in an effort to hold the firms such as Moody’s Corp, McGraw Hill’s, Standard and Poor’s and Fimalac SA’s Fitch Ratings more accountable for their performance after they put inflated ratings on complex mortgage securities during the financial crisis
Leave a Reply