Credit-rating firms in SEC cross hairs
Securities regulators last month unveiled two parts of a three-pronged proposal to reform the regulation of credit-rating agencies.
Securities regulators last month unveiled two parts of a three-pronged proposal to reform the regulation of credit-rating agencies. Proposed in response to industry practices that regulators say contributed to the recent credit market turmoil, the rule changes are aimed at increasing transparency, accountability and competition among credit-rating agencies. For details of the suggested changes and information on submitting comment by July 25, visit sec.gov/rules/proposed/2008/34-57967.pdf.
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