SEC grapples with rating removal
The SEC’s attempts to remove credit ratings from its rules — as required by the Dodd-Frank legislation — took a tentative step forward on Wednesday, as the US regulator issued a consultation on how ABS special purpose vehicles should be treated. But the consultation underlines the challenges it faces in removing ratings, and the way in which it is having to respond to the changes being imposed on it by Dodd-Frank.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts