Congress set to replace liability loophole
Rating agencies could regain their exemption from expert liability, allowing them to rate ABS in the US without fear of legal reprisals. The House Financial Services Committee passed a bill restoring protection to the rating agencies on Wednesday, though the bill has to clear the full House of Representatives and the Senate to become law.
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